The Daily Chase: BCE and Rogers report Q4 earnings; Canada Goose shares drop
BNN Bloomberg
Can almost call it Telecom Thursday around these parts, with the nation's two largest service providers both reporting results.
…AND NOW OVER TO BCE
So, something of a different story over at BCE – BNN Bloomberg's owner, through its Bell Media division – where the company is expecting an outright decline in adjusted earnings per share over the course of this year. BCE says it expects adjusted EPS will fall by between three and seven per cent in fiscal 2023, as the higher cost of debt-servicing, rising depreciation and amortization expenses and a lack of tax adjustments weigh on the bottom line. If we turn our attention back to the fourth quarter itself, BCE essentially met analyst expectations on both the top and bottom line, with revenue rising nearly four per cent from a year ago. Wireless postpaid growth came in at 41.2 per cent, hitting 154,617 in the quarter, and the company also raised its quarterly dividend 5.2 per cent to $0.9675 per common share.
CANADA GOOSE CUTS OUTLOOK