The firm reported adjusted earnings of $0.79 per share, a 13.2 per cent drop year over year. Revenue was down 2.6 per cent. (The Logic)
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The firm reported adjusted earnings of $0.79 per share, a 13.2 per cent drop year over year. Revenue was down 2.6 per cent. (The Logic)
Talking point: Both drops were less than analysts had expected. “Despite the ongoing effects of the COVID crisis, all Bell operating segments delivered better performance trajectories and improved revenue,” said BCE CFO Glen LeBlanc. Rogers and Cogeco similarly reported relatively strong results in late October. While Rogers’s rise was partially driven by a one per cent rise in media revenue, Bell reported a 16.4 per cent drop for the segment. Product revenue was a bright spot for Bell, up 11.9 per cent, partially due to more online shopping. Wireless operating revenue was also relatively strong, up 0.3 per cent year over year.
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