Business

Canada's Rogers Communications beats quarterly revenue estimates

Canada's Rogers Communications Inc on Wednesday reported second-quarter revenue that beat analysts' estimates, as its cable business benefited from a COVID-driven shift to remote work and entertainment.

FILE PHOTO: Rogers Communications logos are seen above a booth at the Canadian International AutoSh
FILE PHOTO: FILE PHOTO: Rogers Communications logos are seen above a booth during the media day at the Canadian International AutoShow in Toronto, Ontario, Canada, February 14, 2019. REUTERS/Chris Helgren

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REUTERS: Canada's Rogers Communications Inc on Wednesday reported second-quarter revenue that beat analysts' estimates, as its cable business benefited from a COVID-driven shift to remote work and entertainment.

The telecom operator's total revenue rose to CUS$3.58 billion (US$2.82 billion) in the quarter ended June 30, compared with analysts' average estimates of CUS$3.56 billion, according to IBES data from Refinitiv.

(US$1 = 1.2686 Canadian dollars)

(Reporting by Tiyashi Datta in Bengaluru; Editing by Shailesh Kuber)

Source: Reuters