BCE Inc. (BCE,BCE.TO) reported that its second-quarter net earnings attributable to common shareholders increased to C$773 million or C$1.00 per share, from C$590 million or C$0.76 per share, in the same quarter last year. The year-over-year increase in earnings was due primarily to higher EBITDA, the favourable resolution of various tax matters, and a C$164 million non-recurring charge in the second-quarter 2011 for the CRTC tangible benefits obligation incurred on the CTV acquisition.
BCE's Adjusted earnings per share was C$1.02 per share, compared to C$0.86 per common share in the previous year. The 18.6% increase reflected higher EBITDA and higher favourable year-over-year resolution of various tax matters. Analysts polled by Thomson Reuters expected the company to report earnings of C$0.81 per share for the quarter. Analysts' estimates typically exclude special items.
Operating revenue was C$4.923 billion in the second quarter of 2012, down 0.6% from C$4.955 billion in the second quarter of 2011, due to slightly lower revenues at both Bell and Bell Aliant. Four analysts had consensus revenue estimate of C$ 4.97 billion for the quarter.
The BCE annual common share dividend will increase from C$2.17 to C$2.27 per share effective with BCE's third-quarter 2012 dividend payable on October 15, 2012 to shareholders of record at the close of business on September 14, 2012. BCE's Board declared a quarterly dividend of C$0.5675 per common share.
The company raised its fiscal 2012 adjusted net income outlook to a range of C$3.15 - C$3.20 per share from prior range of C$3.13 - C$3.18 per share. Analysts expect the company to report earnings of C$3.17 per share for fiscal 2012.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.