BCE Inc. is warning adjusted earnings per share will fall by as much as seven per cent in fiscal 2023 due to a slew of factors, including the impact of higher rates on its debt-servicing costs.
The company says it sees adjusted EPS falling between three and seven per cent as interest costs rise, depreciation and amortization expenses push higher due to investment in next-generation 5G networks and a lack of tax adjustments limit its ability to offset those headwinds.That forecast came alongside the company’s fourth-quarter results, where the telecom operator essentially met analyst expectations. Adjusted earnings per share came in at $0.71 against an estimate of $$0.72.
7 per cent year-over-year, while postpaid net subscriber activations – those key, higher-value cell phone customers – were up 41.2 per cent to 154,617 in the quarter.However, churn – a key industry metric on customer turnover – rose 14 basis points to 1.22 per cent in the quarter, which the company blamed on higher promotional activity in the back half of the year.In a release, BCE Inc.
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