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Stock impact report

Rogers Communications reports $526M third-quarter profit, up from loss a year ago [Financial Post (Toronto, Ontario, Canada)]

Rogers Communication, Inc. (RCI) 
Last rogers communication, inc. earnings: 4/22 07:00 am Check Earnings Report
US:NYSE Investor Relations: investors.rogers.com
Company Research Source: Financial Post
TORONTO — Rogers Communications Inc. reported a third-quarter profit of $526 million compared with a loss a year ago. The company said the profit amounted to 98 cents per diluted share for the quarter ended Sept. 30. The result compared with a loss of $99 million or 20 cents per diluted share in the same quarter last year. Revenue for the quarter totalled $5.13 billion, up from $5.09 billion a year earlier. On an adjusted basis, Rogers says it earned $1.42 per diluted share in its latest quarter, up from an adjusted profit of $1.27 per diluted share a year ago. Analysts on average had expected a profit of $1.36 per share, according to LSEG Data & Analytics. “We delivered strong market share, record margins in cable and wireless, and we are on track to deliver our full-year targets,” Rogers president and CEO Tony Staffieri said in a news release. Rogers said its net increase in postpaid mobile phone subscribers totalled 101,000 for the three-month period, down 55.1 per Show less Read more
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