Stock Track | BCE Inc Plummets 5.09% Intraday on Mixed Q4 Earnings Results

Stock Track

02/05

BCE Inc's stock price plummeted 5.09% during intraday trading on Thursday, following the release of the company's fourth-quarter financial results.

The telecommunications company reported quarterly adjusted earnings of $0.49 per share, which exceeded analyst expectations of $0.46. However, this represented a 13.27% decrease compared to earnings of $0.56 per share in the same period last year.

More significantly, BCE's quarterly sales of $3.169 billion fell well short of the $4.710 billion consensus estimate, marking a 32.72% miss and a 30.99% year-over-year decline. Additional reports indicated revenue of CA$6.40 billion, down from CA$6.42 billion a year earlier and below the CA$6.54 billion FactSet estimate.

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