Rogers Communications is reporting a 35 per cent increase in second-quarter net income, beating analyst estimates.
Its net income was $531 million or $1.03 per share, while adjusted profit was $1 per share.
Analysts had estimated Rogers (TSX:RCI.B) would have 90 cents per share of net income, or 93 cents per share after adjustments, according to Thomson Reuters.
OBJ360 (Sponsored)
Carleton Place: The charming small town where heritage and nature intertwine
Whether you’re looking to get away for the day or a long weekend, Carleton Place is a friendly town that offers plenty of options for anyone.
uOttawa’s Kanata North campus marks 5 years in Canada’s largest tech park
Whether companies are looking to expand R&D activities, grow their teams, or capitalize on funding opportunities, uOttawa has been there to help.
Revenue was $3.59 billion, up four per cent from last year’s second quarter and within analyst estimates.
It’s the first financial report issued by the Toronto-based telecommunications and media company since Joe Natale became its CEO in April.
Natale is a former CEO of Telus (TSX:T), where he had a reputation of building customer satisfaction and reducing turnover.
He said in today’s announcement that Rogers will improve customer service but also intensify a company-wide focus on controlling costs and improving profitability for shareholders.