20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
- BCE, Inc (NYSE:BCE) reported second-quarter FY22 operating revenue growth of 2.9% year-on-year to C$5.86 billion.
- The company attributed the performance to a 3.8% increase in service revenue to C$5.23 billion, reflecting robust wireless, residential Internet, and media growth.
- Product revenue decreased 4.6% Y/Y to C$628 million due to fewer mobile device transactions and lower business wireline data equipment sales.
- Total wireless operating revenue increased 5.5% Y/Y to C$2.25 billion due to solid service revenue growth.
- Total wireline operating revenue declined 0.3% Y/Y to C$2.995 billion.
- Media operating revenue increased 8.7% to C$821 million, driven primarily by higher advertising and subscriber revenue.
- Adjusted EBITDA rose 4.6% Y/Y to C$2.59 billion, driven by Bell's operating segments.
- The adjusted EBITDA margin expanded 70 bps to 44.2% due to the flow-through impact of higher service revenue and a decline in low-margin product sales.
- Adjusted EPS was C$0.87.
- BCE generated C$2.6 billion in operating cash flow.
- Dividend: The board declared a quarterly dividend of C$0.92 per share.
- Outlook: BCE reiterated all FY22 financial guidance targets.
- Price Action: BCE shares are trading higher by 0.48% at $49.92 on the last check Thursday.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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