BCE, Inc. (NYSE:BCE) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
BCE, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 2.67% to $0.77 in the quarter versus EPS of $0.75 in the year-earlier quarter.
Revenue: Rose 0.05% to $4.92 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: BCE, Inc. reported adjusted EPS income of $0.77 per share. By that measure, the company beat the mean analyst estimate of $0.71. It missed the average revenue estimate of $4.97 billion.
Quoting Management: “Industry-leading investment in next-generation networks and services continues to drive Bell’s transformation,” said George Cope , President and Chief Executive Officer of BCE and Bell. “With the Bell team’s focused execution of our 6 Strategic Imperatives, our operating mix is increasingly dominated by wireless, TV, media and Internet growth services – now representing more than 80% of Bell’s revenue.”
Key Stats (on next page)…