Rogers Communications Inc. RCI is Canada's leading telecom and media company engaged in Digital PCS, cellular, messaging and data communications; cable television, high-speed Internet access and video retailing; and radio and television broadcasting, tele-shopping, publishing and new media businesses.
Increased smartphone penetration, significant LTE network expansion, innovative service launches, strong cable subscriber growth, average revenue per unit improvement, wireless data service enhancement and strategic acquisitions should aid Rogers Communications’ performance in the third quarter.
However, stiff competition from local carriers, a highly leveraged balance sheet and increasing customer churn are certain factors that may weigh upon the quarter’s results.
Rogers Communications currently carries a Zacks Rank #3 (Hold). The company has generated a negative average earnings surprise of 11.66% in the previous four quarters. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Rogers Communications reported third quarter earnings of 70 cents, higher than the Zacks Consensus Estimate of 64 cents.
Revenue: Rogers Communications generated total revenue of $2,590 million, outpacing the Zacks Consensus Estimate of $2,526 million.
Key Stats to Note: At the end of third-quarter 2015, Rogers Communications’ postpaid retail subscribers base stood at 8.240 million, up 1.3% year over year. Also, high-speed Internet subscriber base was 2.032 million, up 1.6% year over year.
Check back later for our full write up on this Rogers Communications earnings report later!
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