By FREE PRESS NEWS SERVICES
TORONTO -- Aggressive cost control and a flurry of high-tech smartphone releases helped Rogers Communications Inc. beat analyst expectations yesterday, driving the telecommunications giant to improved profits and revenues in a traditionally slow period in the midst of a recession. Even so, Rogers downgraded its revenue outlook for the year ahead, dropping expectations for consolidated top line growth to between2 and 4%, down from earlier predictions of 5 to 9%. "On balance the quarter reflects the strength of our franchises, the quality of our networks and our focused execution, though we're clearly moving through some challenging economic times," Rogers chief executive Nadir Mohamed said.
TORONTO -- Aggressive cost control and a flurry of high-tech smartphone releases helped Rogers Communications Inc. beat analyst expectations yesterday, driving the telecommunications giant to improved profits and revenues in a traditionally slow period in the midst of a recession. Even so, Rogers downgraded its revenue outlook for the year ahead, dropping expectations for consolidated top line growth to between2 and 4%, down from earlier predictions of 5 to 9%. "On balance the quarter reflects the strength of our franchises, the quality of our networks and our focused execution, though we're clearly moving through some challenging economic times," Rogers chief executive Nadir Mohamed said.
Bilibala's comments
The Outlook cut mainly with Rogers' Media segment. The rest are fine and management said it doesn't know how will the i-phone 3G S impact will be for 2H09. With sales & promotion as well as the cost of equipment, even i-phone sales looks great, it will benefit the future years, but i don't think it will have great positive impact to 2H09 net income.
7.29.2009
Subscribe to:
Post Comments (Atom)
The information provided in the entire blog is not intended to provide legal, accounting, tax or specific investment advice. The information presented was obtained from sources believed to be reliable; however, I cannot represent that it is accurate or complete. I assume no responsibility for any losses, whether direct, special or consequential, that arise out of the use of this information. This information is subject to change without notice. Stock performance are not guaranteed, their prices change frequently and past performance may not be repeated. Please do your own investigation, or contact your own professional advise, before investing.
No comments:
Post a Comment