BCE Posts Quarterly Profit in Line With Analysts’ Estimates
- Carrier added 91,000 postpaid users during holiday season
- Sees 2016 revenue growth of 1% to 3% amid fierce competition
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BCE Inc., Canada’s largest telecommunications company, posted fourth-quarter profit that was in line with analysts’ estimates as competition for wireless customers picked up over the busy holiday season.
Earnings excluding some items were 72 Canadian cents a share, the Montreal-based company said in a statement Thursday. That matched the average of estimates compiled by Bloomberg. Sales of C$5.6 billion compared with a projection for C$5.63 billion. The carrier added 91,000 contract wireless subscribers. Eight analysts surveyed by Bloomberg estimated an average of 96,000.