Rogers Communications Q1 2024 Adj EPS $0.73 Misses $0.99 Estimate, Sales $3.636B Miss $4.924B Estimate
Portfolio Pulse from Benzinga Newsdesk
Rogers Communications (NYSE:RCI) reported Q1 2024 earnings of $0.73 per share, missing the consensus estimate of $0.99 by 26.26%. Quarterly sales were $3.636B, missing the estimate of $4.924B by 26.15%, but marking a 28.16% increase from the same period last year.
April 24, 2024 | 12:16 pm
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Rogers Communications reported lower-than-expected Q1 2024 earnings and sales, missing estimates significantly.
Missing both earnings and sales estimates by significant margins typically leads to negative investor sentiment and can exert downward pressure on the stock price in the short term. However, the year-over-year sales growth might mitigate some negative impact.
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