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Benzinga
Benzinga
Business
Nabaparna Bhattacharya

Rogers Communications Lifts Outlook After Toronto Sports Deal

Rogers RCI NYSE JHVEPhoto NHL
Photo by JHVEPhoto via Shutterstock

Canada’s Rogers Communications, Inc. (NYSE:RCI) shares edged down Wednesday, even as the company delivered an earnings beat in its second-quarter report and raised its full-year service revenue guidance.

The company reported second-quarter adjusted earnings per share of 82 cents, beating the analyst consensus estimate of 80 cents. Quarterly sales of $3.77 billion missed the Street view of $3.78 billion.

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