Rogers Communications (RCI) Tops Q3 EPS by 22c, Beats on Revenues
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Rogers Communications (NYSE: RCI) reported Q3 EPS of $1.02, $0.22 better than the analyst estimate of $0.80. Revenue for the quarter came in at $3.58 billion versus the consensus estimate of $2.89 billion.
- Total service revenue and adjusted operating profit growth of 4% and 6%, respectively
- Continued strong financial and subscriber performance in Wireless
- Service revenue and adjusted operating profit growth of 7% and 9%, respectively
- Wireless adjusted operating profit margin expansion of 80 basis points
- Postpaid net additions of 129,000, up 15,000, and the highest postpaid net additions in 8 years
- Postpaid churn of 1.16%, improved 10 basis points, and the best third quarter churn rate in 8 years
- Cable revenue and adjusted operating profit growth of 1% and 2%, respectively
- Cable adjusted operating profit margin expansion of 80 basis points
- Continued strong Internet revenue growth of 6% and net additions of 27,000
- Increasing full-year 2017 guidance for adjusted operating profit growth to 5% to 6% with plans to invest the incremental profit in our networks for revised total capital expenditures of $2,350 million to $2,450 million; maintaining original free cash flow guidance of 2% to 4% growth
For earnings history and earnings-related data on Rogers Communications (RCI) click here.
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