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Rogers Communication: 3Q Earnings Snapshot

TORONTO (AP) _ Rogers Communication Inc. (RCI) on Friday reported third-quarter net income of $454.5 million.

The Toronto-based company said it had profit of 88 cents per share. Earnings, adjusted for one-time gains and costs, came to 93 cents per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 88 cents per share.

The communications and media company posted revenue of $2.88 billion in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $2.91 billion.

Rogers Communication shares have climbed 1 percent since the beginning of the year. The stock has declined 4 percent in the last 12 months.


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