Rogers Communications (USA) (RCI) Releases Earnings Results, Beats Expectations By $0.02 EPS

Rogers Communications (USA) (RCI) reported quarterly earnings results on Thursday, Jul-21-2016. The company said it had a profit of $0.83 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 $0.81. The company posted revenue of $3455.00 million in the period, compared to analysts expectations of $3473.64 million. The company’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 EPS.

Many Wall Street Analysts have commented on Rogers Communications (USA). Rogers Communications (USA) was Resumed by BofA/Merrill to “Neutral” on Jul 5, 2016.

Rogers Communications (USA) opened for trading at $40.67 and hit $41.15 on the upside on Wednesday, eventually ending the session at $40.93, with a gain of 0.42% or 0.17 points. The heightened volatility saw the trading volume jump to 2,43,377 shares. Company has a market cap of $21,069 M.

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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