Revenue Update on Rogers Communications (USA)(NYSE:RCI)

Rogers Communications (USA)(NYSE:RCI) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 21, 2016. Company reported revenue of $3.46B. Analysts estimated a revenue of $3.46B. Earnings per share were $0.83. Analysts had estimated an EPS of $0.81.

Rogers Communications (USA) (RCI) made into the market gainers list on Wednesdays trading session with the shares advancing 0.42% or 0.17 points. Due to strong positive momentum, the stock ended at $40.93, which is also near the day’s high of $41.15. The stock began the session at $40.67 and the volume stood at 2,43,377 shares. The 52-week high of the shares is $42 and the 52 week low is $32.5. The company has a current market capitalization of $21,069 M and it has 51,47,46,670 shares in outstanding.

Rogers Communications Inc. is a Canada-based communications and media company. The Company operates through four segments: Wireless Cable Business Solutions and Media. The Wireless segment offers wireless telecommunications operations for Canadian consumers and businesses. The Cable segment offers Cable telecommunications operations including Internet television and telephony (phone) for Canadian consumers and businesses. The Business Solutions segment offers Network connectivity through its fiber network and data center assets to support a range of voice data networking hosting and cloud-based services for small medium and large Canadian businesses governments and on a wholesale basis to other telecommunications providers. The Media segment offers portfolio of media properties including television and radio broadcasting specialty channels digital media multi-platform shopping publishing and sports media and entertainment.

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