BCE, Inc. (BCE) Reports Q4 EPS of $0.76, Beats on Revenues

Note: EPS may not be comparable

BCE, Inc. (NYSE: BCE) reported Q4 EPS of $0.76, versus $0.60 reported last year. Revenue for the quarter came in at $5.96 billion versus the consensus estimate of $4.77 billion.

• Net earnings of $617 million with net earnings attributable to common shareholders of $575 million, or $0.64 per common share; adjusted net earnings of $684 million up 2.5%, generating adjusted EPS of $0.76
• Adjusted EPS was unchanged compared to Q4 2016 at $0.76 per common share
• Cash flows from operating activities of $1,658 million and free cash flow of $652 million contributed to 10.8% growth in full-year cash flows from operating activities and 6.0% in free cash flow
• 5.1% service revenue growth and 4.5% higher adjusted EBITDA with stable margin
• 234,728 total net broadband customer additions up 40.8% – 175,204 wireless postpaid, 27,040 Internet and 32,484 IPTV
• 10.6% increase in wireless service revenue drove 9.2% adjusted EBITDA growth
• Wireline service revenue growth of 3.6% and Bell MTS synergies delivered 4.1% higher adjusted EBITDA and 0.6-point expansion in margin to 40.7%
• 3.7 million homes and businesses now served with direct fibre connections, growing to 4.5 million locations by end of 2018; announcing rollout to the GTA/905 region

For earnings history and earnings-related data on BCE, Inc. (BCE) click here.

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