Canadian communications and media company Rogers Communications Inc. (RCI: Quote,RCI.A.TO: Quote,RCI.B.TO: Quote) reported that its first-quarter net income was C$305 million or C$0.57 per share, down from C$335 million or C$0.60 per share in the same quarter last year.
Adjusted earnings per share declined to C$0.67 from C$0.76 last year.
Analysts polled by Thomson Reuters expected the company to report earnings of C$0.76 per share for the quarter. Analysts' estimates typically exclude special items.
Operating revenue for the quarter declined to C$2.95 billion from C$2.99 billion in the prior year quarter. Eight analysts had consensus revenue estimate of C$3.05 billion for the quarter.
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by RTT Staff Writer
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