Rogers misses first-quarter revenue estimates on weakness in cable business

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Rogers’ net income rose to $511-million, or $1 per share, from $392-million, or 77 cents per share, a year earlier

Rogers is also still recovering from the effects of the pandemic on its media business and has seen a slowdown in wireless customer sign-ups as Canadians delay their device upgrades and seek cheaper plans to keep their spending in check.The company’s total revenue rose to $3.

84-billion in the first quarter ended March 31, compared with $3.62-billion a year earlier. Analysts were expecting revenue of $3.93-billion, according to Refinitiv data.Net income rose to $511-million, or $1 per share, from $392-million, or 77 cents per share, a year earlier.

 

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