BCE (USA) (BCE) Releases Earnings Results, Beats Expectations By $0.02 EPS

BCE (USA) (BCE) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $0.85 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.83. The company posted revenue of $5270.00 million in the period, compared to analysts expectations of $5322.33 million. The company’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 EPS.

Many Wall Street Analysts have commented on BCE (USA). Company shares were Reiterated by Barclays on Feb 5, 2016 to “Overweight”, Firm has raised the Price Target to $ 45 from a previous price target of $43 .

BCE (USA) opened for trading at $46.03 and hit $46.2284 on the upside on Wednesday, eventually ending the session at $46.13, with a gain of 0.54% or 0.25 points. The heightened volatility saw the trading volume jump to 7,67,540 shares. Company has a market cap of $40,044 M.

BCE Inc. is a communications company. The Company provides residential business and wholesale customers with a range of solutions to all their communications needs including wireless high-speed Internet Internet protocol television (IPTV) and satellite TV business Internet protocol (IP) broadband and information and communications technology (ICT) services. The Company’s segments include Bell Wireless Bell Wireline and Bell Media. The Company’s Bell Wireless segment provides wireless services that are available to virtually all of the Canadian population. The Bell Wireline segment includes voice and data network; high-speed fiber deployment and bell direct to home (DTH) satellite television service. The Company’s Bell Media segment offers specialty and pay television radio digital media and out-of-home advertising. The Company through Bell media operates approximately 110 radio stations in over 50 markets across Canada.


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