CORRECTION: BCE Q1 2024 Adj. EPS CAD0.72 Down From CAD0.85 YoY; Revenue CAD6.011B Down From CAD6.054 YoY
Portfolio Pulse from Benzinga Newsdesk
BCE Inc. reported a decrease in its Q1 2024 adjusted earnings per share (EPS) to CAD0.72 from CAD0.85 year-over-year. Revenue also declined slightly to CAD6.011 billion from CAD6.054 billion in the same period.
May 02, 2024 | 11:34 am
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BCE Inc. experienced a decrease in both adjusted EPS and revenue in Q1 2024 compared to the previous year.
The reported decrease in both adjusted EPS and revenue for BCE Inc. in Q1 2024 compared to the same period last year is likely to negatively impact investor sentiment and the stock price in the short term. The decline in these key financial metrics indicates a potential slowdown in the company's growth or operational challenges, which could lead to a decrease in stock price as investors adjust their expectations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100