Rogers Communications (RCI) Tops Q3 EPS by 44c, provides outlook

Rogers Communications (NYSE: RCI) reported Q3 EPS of Cdn$1.27, Cdn$0.44 better than the analyst estimate of Cdn$0.83. Revenue for the quarter came in at Cdn$5.09 billion versus the consensus estimate of Cdn$3.73 billion.

Outlook: Company reaffirms industry-leading 2023 financial guidance across all metrics

Reaffirming 2023 outlook for total service revenue growth of 26% to 30%, adjusted EBITDA growth of 33% to 36%, free cash flow expected to be at upper end of C$2.2 billion to C$2.5 billion, and capital expenditures target of C$3.7 billion to C$3.9 billion.

For earnings history and earnings-related data on Rogers Communications (RCI) click here.

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