BCE (TSE:BCE) Third Quarter 2024 Results

Key Financial Results

• Revenue: CA$5.97b (down 1.8% from 3Q 2023).

• Net loss: CA$1.24b (down by 293% from CA$640.0m profit in 3Q 2023).

• CA$1.36 loss per share (down from CA$0.70 profit in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

BCE Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Telecom industry in Canada.

Performance of the Canadian Telecom industry.

The company's shares are down 2.8% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 4 warning signs for BCE (of which 2 don't sit too well with us!) you should know about.

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