BCE: 1Q Earnings Snapshot

BCE: 1Q Earnings Snapshot

Associated Press
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VERDUN, Quebec (AP) _ BCE Inc. (BCE) on Thursday reported first-quarter net income of $556.6 million.

On a per-share basis, the Verdun, Quebec-based company said it had profit of 62 cents. Earnings, adjusted for one-time gains and costs, were 58 cents per share.

The results matched Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was also for earnings of 58 cents per share.

The Canada's largest telecommunications company posted revenue of $4.31 billion in the period, topping Street forecasts. Four analysts surveyed by Zacks expected $4.29 billion.

BCE shares have risen 13% since the beginning of the year. The stock has risen slightly more than 5% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BCE at https://www.zacks.com/ap/BCE

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