VERDUN, Quebec (AP) — VERDUN, Quebec (AP) — BCE Inc. (BCE) on Thursday reported third-quarter profit of $450.2 million.
The Verdun, Quebec-based company said it had net income of 48 cents per share. Earnings, adjusted for non-recurring costs, came to 53 cents per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 49 cents per share.
The Canada's largest telecommunications company posted revenue of $4.42 billion in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $4.34 billion.
BCE shares have decreased 11% since the beginning of the year. The stock has fallen 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
