BCE Q2 Profit Increases; Confirms 2015 Outlook - Quick Facts

(RTTNews) - BCE Inc. (BCE, BCE.TO), Canada's largest communications company, reported that its second-quarter net earnings attributable to common shareholders increased to $759 million from last year's $606 million, with earnings per share improving to $0.90 from $0.78 in the previous year.

Adjusted earnings per share grew to $0.87 from $0.82 in the prior year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.87 per share. Analysts' estimates typically exclude special items.

Operating revenues for the quarter increased to $5.326 billion from $5.220 billion in the year ago quarter. Wall Street expected revenues of $5.31 billion.

BCE confirmed its financial guidance targets for 2015, as provided on February 5, 2015. The company remains on track to achieve adjusted earnings per share of $3.28 - $3.38, and revenue growth of 1% - 3%. Analysts expect annual earnings of $3.34 per share.