Rogers Communications Q3 Earnings Beat Expectations Amid Ongoing Network Investment Plans
Portfolio Pulse from Nabaparna Bhattacharya
Rogers Communications reported Q3 earnings that beat expectations, with adjusted EPS of $1.04 surpassing the consensus estimate. Despite this, shares fell 3.59% due to mixed revenue results and ongoing network investments. The company declared a dividend and reiterated its growth outlook.
October 24, 2024 | 4:49 pm
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Rogers Communications reported better-than-expected Q3 earnings, with adjusted EPS of $1.04. Despite this, shares fell 3.59% due to mixed revenue performance and ongoing network investments. The company declared a dividend and reiterated its growth outlook.
Despite beating earnings expectations, RCI shares fell due to mixed revenue results and ongoing network investments, which may concern investors about future profitability. The dividend declaration and reiterated growth outlook provide some positive signals, but the immediate market reaction is negative.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100