BCE Inc. Q1 Profit Decreases - Quick Facts

(RTTNews) - BCE Inc. (BCE, BCE.TO), Canada's largest communications company, reported first quarter net income to shareholders of $532 million or $0.63 per share, compared to $615 million or $0.79 per share, prior year. Adjusted earnings per share was $0.84, for the quarter.

On average, 11 analysts polled by Thomson Reuters expected the company to report profit per share of $0.79 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased to $5.24 billion from $5.10 billion last year. Analysts expected revenue of $5.23 billion for the quarter.

BCE confirmed its financial guidance targets for 2015, as provided on February 5, 2015. The company remains on track to achieve adjusted EPS of $3.28 - $3.38, and revenue growth of 1% - 3%. Analysts expect the company to report fiscal year earnings per share of $3.33.

Bell also announced it will keep its momentum rolling forward with plans to invest $20 billion in capital from 2015 to the end of 2020.