Rogers Communications Reports First Quarter 2020 Results
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Rogers Communications (RCI) Tops Q1 EPS by 11c; 'Unable to Predict Overall Impact on Operations & Financial Results'
April 22, 2020 7:05 AM EDTRogers Communications (NYSE: RCI) reported Q1 EPS of $0.71, $0.11 better than the analyst estimate of $0.60.
World-leading networks and a strong balance sheet position Rogers Communications well to help Canadians manage through COVID-19 Network traffic up over 50% as businesses and consumers shift to work, learn, and socialize from homeFree cash flow of $462 million, up 14%, with solid liquidity position of $3.8 billionGrew Wireless adjusted EBITDA by 1% and margin by 300 basis points despite 2% service revenue decrease Suspended roaming and long distance fees for consumers Postpaid subscribers down as we closed retail locations and reduced promotional activity to... More