Rogers Communications (USA) (RCI) Releases Earnings Results, Misses Expectations By $-0.05 EPS

Rogers Communications (USA) (RCI) announced its most recent quarterly financial results on Monday, Oct-17-2016. RCI reported $0.83 earnings per share for the quarter, missing the analyst consensus estimate by $-0.05. Analysts had a consensus of $0.88. The company posted revenue of $3492.00 million in the period, compared to analysts expectations of $3451.27 million. RCI’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.92 EPS.

Rogers Communications (USA) closed down -0.03 points or -0.07% at $41.33 with 1,92,082 shares getting traded on Friday. Post opening the session at $41.46, the shares hit an intraday low of $41.3 and an intraday high of $41.81 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Rogers Communications Inc. is a Canada-based communications and media company. The Company operates through four segments: Wireless Cable Business Solutions and Media. The Wireless segment offers wireless telecommunications operations for Canadian consumers and businesses. The Cable segment offers Cable telecommunications operations including Internet television and telephony (phone) for Canadian consumers and businesses. The Business Solutions segment offers Network connectivity through its fiber network and data center assets to support a range of voice data networking hosting and cloud-based services for small medium and large Canadian businesses governments and on a wholesale basis to other telecommunications providers. The Media segment offers portfolio of media properties including television and radio broadcasting specialty channels digital media multi-platform shopping publishing and sports media and entertainment.

Rogers Communications  (USA)

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