People walk past a Rogers store, April 24, 2012 in Montreal. THE CANADIAN PRESS/Ryan Remiorz
July 24, 2012 - 7:18 AM
TORONTO - Rogers Communications Inc. (TSX:RCI.B) says profits increased in the second quarter, beating analyst expectations.
The company posted adjusted net income of $478 million, or 91 cents per share, which is five cents higher than analysts expected, according to a survey by Thomson Reuters.
The results are also up from a profit of $469 million, or 85 cents per share, a year ago.
Revenue was $3.11 billion, up slightly from $3.1 billion in the comparable period, but below expectations of $3.14 billion.
Toronto-based Rogers is Canada's largest cable TV operator and wireless operator and is a major magazine publisher, TV and radio broadcaster and owner of the Toronto Blue Jays.
It also owns a slate of print magazines including Maclean's and Chatelaine.
News from © The Canadian Press, 2012