Recap: Rogers Communications Q2 Earnings
Shares of Rogers Communications (NYSE:RCI) decreased 0.1% in pre-market trading after the company reported Q2 results.
Quarterly Results
Earnings per share were down 51.14% over the past year to $0.43, which missed the estimate of $0.60.
Revenue of $2,276,000,000 declined by 20.78% from the same period last year, which missed the estimate of $2,760,000,000.
Guidance
Rogers Communications hasn't issued any earnings guidance for the time being.
Rogers Communications hasn't issued any revenue guidance for the time being.
Conference Call Details
Date: Jul 22, 2020
Time: 08:00 AM
ET Webcast URL: https://investors.rogers.com/
Technicals
Company's 52-week high was at $54.02
52-week low: $32.20
Price action over last quarter: Up 1.77%
Company Profile
Rogers is the largest wireless service provider in Canada, with its more than 10 million subscribers equating to one third of the total Canadian market. Rogers' wireless business accounted for over 60% of the company's total sales in 2019 and has increasingly provided a bigger portion of total company sales over the last several years. Rogers' cable segment, which provides about one fourth of total sales, offers home Internet, television, and landline phone service to consumers and businesses. Remaining sales come from Rogers' media unit, which owns and operates various television and radio stations and the Toronto Blue Jays. Rogers' significant exposure to sports also includes ownership stakes in the Toronto Maple Leafs, Raptors, FC, and Argonauts.
