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Quebecor Inc. Q4 Profit Increases, but misses estimates

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

Quebecor Inc. (QBR_A.TO) announced a profit for its fourth quarter that increased from the same period last year but missed the Street estimates.

The company's earnings totaled C$146.2 million, or C$0.63 per share. This compares with C$142.5 million, or C$0.62 per share, in last year's fourth quarter.

Excluding items, Quebecor Inc. reported adjusted earnings of C$167.5 million or C$0.73 per share for the period.

Analysts on average had expected the company to earn C$0.74 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 26.9% to C$1.504 billion from C$1.185 billion last year.

Quebecor Inc. earnings at a glance (GAAP) :

-Earnings (Q4): C$146.2 Mln. vs. C$142.5 Mln. last year.
-EPS (Q4): C$0.63 vs. C$0.62 last year.
-Analyst Estimate: C$0.74
-Revenue (Q4): C$1.504 Bln vs. C$1.185 Bln last year.

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