BCE, Inc. (BCE) Reports Q1 EPS of C$0.80

BCE, Inc. (NYSE: BCE) reported Q1 EPS of Cdn$0.80, versus Cdn$0.70 reported last year. Revenue for the quarter came in at Cdn$5.68 billion, versus Cdn$5.73 billion reported last year.

FINANCIAL OUTLOOK

Due to the speed with which the COVID-19 situation is developing and the uncertainty of its severity, duration and potential outcomes, we are not able at this time to estimate the impacts of the crisis on our business or future financial results and related assumptions. The extent to which the COVID-19 situation will continue to impact our business, financial condition, liquidity and financial results will depend on future developments that are unknown and cannot be predicted, as well as new information which may emerge concerning the severity and duration of the COVID-19 pandemic and the actions required to contain the coronavirus or remedy its impact, among others. As a result, given this unprecedented and highly uncertain environment, BCE is withdrawing all of its 2020 financial guidance that it announced on February 6, 2020.

BCE's underlying business fundamentals remain strong. Our strong liquidity position, underpinned by a healthy balance sheet, substantial free cash flow generation and access to the debt and bank capital markets, is expected to provide significant financial flexibility to execute on our planned capital expenditures for 2020 and to sustain BCE's common share dividend payments for the foreseeable future.

For earnings history and earnings-related data on BCE, Inc. (BCE) click here.

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