BCE's Q4 Earnings Match Estimates, Revenues Increase Y/Y

 

BCE's Q4 Earnings Match Estimates, Revenues Increase Y/Y

BCE Inc. BCE reported fourth-quarter 2022 adjusted earnings per share of C$0.71 (53 cents) compared with C$0.76 in the prior-year quarter. The Zacks Consensus Estimate for the same was pegged at 53 cents.

Quarterly total operating revenues moved up 3.7% year over year to C$6,439 million ($4,743 million). The consensus estimate was pegged at $4,676 million. This was driven by a 2.1% rise in service revenues, which totaled C$5,353 million, and Product revenues improved 12.4% to C$1086 million.

The uptick was due to solid wireless and residential Internet growth along with higher business wireline data equipment sales.