BCE Inc. has issued third-quarter results that missed analyst estimates on several key measures.
The Montreal-based telecom and media company says its adjusted net earnings in the third quarter rose by 7% to $584 million.
That amounted to 75 cents per common share, which was two cents below estimates.
BCE’s net earnings fell to $343 million or 44 cents per share, well below the estimate of 75 cents per share.
And BCE’s revenue rose 2.3% from a year earlier to just under $5.1 billion, slightly below estimates of $5.16 billion.
Despite missing analyst estimates for the quarter ended Sept. 30, BCE says it’s on track to meet its 2013 financial targets.
