Rogers Communications Q4 profit down from a year ago, revenue up

TORONTO - Rogers Communications Inc. reported a fourth-quarter revenue of $405 million, down from $449 million in the identical quarter final yr, whereas income rose.

The telecoms firm says earnings amounted to 80 cents per diluted share for the quarter ending Dec. 31, down from 89 cents per share for a similar quarter final yr.

Income got here in at $3.92 billion, up from $3.68 billion in the identical quarter final yr, because it added wi-fi subscribers and its media division received a lift from the return of reside sports activities broadcasting advertisements.

On an adjusted foundation, Rogers says it earned 96 cents per diluted share, down from 99 cents per share a yr in the past.

Analysts on common had anticipated an adjusted revenue of 92 cents per share, based on monetary markets knowledge agency Refinitiv.

The corporate’s steering for 2022 contains income development of 4 to 6 per cent, not together with any increase from its deliberate takeover of Shaw Communications Inc. that it says stays on observe for the primary half of the yr.

This report by The Canadian Press was first revealed Jan. 27, 2022.

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