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BCE's Q2 Adjusted Earnings, Revenue Decline; Maintains Dividend
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BCE's Q2 Adjusted Earnings, Revenue Decline; Maintains Dividend
Aug 1, 2024 5:47 AM

08:16 AM EDT, 08/01/2024 (MT Newswires) -- BCE (BCE) reported Q2 adjusted earnings Thursday of 0.78 Canadian dollars ($0.56) per diluted share, compared with CA$0.79 a year earlier.

Analysts surveyed by Capital IQ expected CA$0.79.

Operating revenue for the quarter ended June 30 was CA$6.01 billion, compared with CA$6.07 billion a year earlier. Analysts surveyed by Capital IQ expected CA$6.07 billion.

The company said it expects full-year 2024 adjusted earnings per share to decline 2% to 7% from the previous year, and expects revenue growth to range from flat to 4%.

BCE also maintained its quarterly dividend of CA$0.9975 per share, payable on Oct. 15 to shareholders of record on Sept. 16.

Price: 33.95, Change: +0.22, Percent Change: +0.65

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