UPDATE: Rogers Communications Posts 8% Rise In Q4 Earnings, Raises Dividend
Rogers Communications Inc (NYSE: RCI) posted an 8% rise in its fourth-quarter earnings.
Rogers Communications lifted its quarterly dividend by 11% to 39.5 Canadian cents per share.
Rogers' quarterly earnings surged to C$327 million, or 61 Canadian cents per share, versus C$302 million, or 50 Canadian cents per share, in the year-ago period. Its adjusted earnings climbed 10% to C$372 million, or 70 Canadian cents per share. However, analysts were expecting earnings of 67 Canadian cents per share. Rogers Communications' revenue rose to C$3.18 billion from C$3.14 billion, versus analysts' estimates of C$3.20 billion.
Rogers Communications shares closed at $37.90 yesterday.
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