MONTREAL _
BCE Inc. (
TSX: T.BCE,
Stock Forum) has issued third-quarter results that missed analyst estimates on several key measures.
Its adjusted net earnings in the third quarter rose by seven per cent to $584 million, or 75 cents per common share, two cents below estimates.
Net earnings fell to $343 million or 44 cents per share, well below the estimate of 75 cents per share. Revenue rose 2.3 per cent from a year earlier to just under $5.1 billion, slightly below estimates of $5.16 billion.
BCE shares rose 0.02% to $45.51, leaving the company with a market cap of $35.3 billion, based on 775.9 million shares outstanding. The 52-week range is $48.90 and $40.58.