Tag: Maverick

Rogers reports firstquarter profit and sales down falls short of expectations

TORONTO — Rogers Communications Inc. fell short of expectations as its first-quarter profit and revenue declined compared with a year ago.The wireless, cable and internet company says it earned $391 million or 76 cents per share for the quarter ended March 31.That compared with a profit of $425 million or 80 cents per share a year ago when Rogers received a special payment from Major League Baseball.Revenue totalled nearly $3.59 billion, down from $3.63 billion in the same quarter last year.On an adjusted basis, Rogers says it earned $405 million or 78 cents per share for the quarter, down from an adjusted profit of $477 million or 90 cents per share a year ago.Analysts on average had expected a profit of 94 cents per share and revenue of $3.72 billion, according to Thomson Reuters Eikon. Companies in this story: (TSX:RCI.B)The Canadian Press read more

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