BCE's Q3 Earnings & Revenues Miss Estimates, Fall Y/Y, Stock Down
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BCE's Q3 2024 earnings and revenues missed estimates, with a notable 14.3% decline in product revenues, despite steady growth in the Bell Media unit. This has led to a decrease in BCE's stock price.
November 08, 2024 | 6:00 pm
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NEGATIVE IMPACT
BCE's Q3 2024 earnings and revenues fell short of expectations, with a significant 14.3% decline in product revenues. Despite growth in Bell Media, the stock price has decreased.
The earnings and revenue miss, coupled with a significant decline in product revenues, are likely to negatively impact investor sentiment, leading to a short-term decrease in BCE's stock price. The growth in Bell Media is a positive, but not enough to offset the overall negative performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100