Rogers Meets Estimates on Profit, Says Shaw Deal Is On Track

Bloomberg2022-01-27

Rogers Communications Inc. reported fourth-quarter profit that was broadly in line with analysts’ expectations and said it believes it can close a $16 billion takeover of Shaw Communications Inc. in ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

peterob1
2022-01-27
peterob1
[Cool]
KokFui
2022-01-27
KokFui
Walao
Jasonngui
2022-01-27
Jasonngui
Great

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1166719565?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-01-27 21:44","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1166719565","market":"us","top_or_hot":-1,"title":"Rogers Meets Estimates on Profit, Says Shaw Deal Is On Track","media":"Bloomberg","content":"<div>\n<p>Rogers Communications Inc. reported fourth-quarter profit that was broadly in line with analysts’ expectations and said it believes it can close a $16 billion takeover of Shaw Communications Inc. in ...</p>\n\n<a href=\"https://finance.yahoo.com/news/rogers-meets-estimates-profit-says-130707037.html\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Rogers Meets Estimates on Profit, Says Shaw Deal Is On Track</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRogers Meets Estimates on Profit, Says Shaw Deal Is On Track\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-27 21:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/rogers-meets-estimates-profit-says-130707037.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Rogers Communications Inc. reported fourth-quarter profit that was broadly in line with analysts’ expectations and said it believes it can close a $16 billion takeover of Shaw Communications Inc. in ...</p>\n\n<a href=\"https://finance.yahoo.com/news/rogers-meets-estimates-profit-says-130707037.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ROG","symbol_name":"罗杰斯","start_time":0,"source_url":"https://finance.yahoo.com/news/rogers-meets-estimates-profit-says-130707037.html","article_id":"1166719565","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1166719565","pubTimestamp":1643291094,"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"Rogers Communications Inc. reported fourth-quarter profit that was broadly in line with analysts’ ex","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"ROG":"罗杰斯"},"translate_title":"罗杰斯利润符合预期，称肖交易正在进行中","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ROG":0.9},"content_text":"Rogers Communications Inc. reported fourth-quarter profit that was broadly in line with analysts’ expectations and said it believes it can close a $16 billion takeover of Shaw Communications Inc. in the first half of the year.Canada’s largest cable and wireless company said it earned 96 Canadian cents a share on an adjusted basis, down 3% from the previous year. That compared with an average analyst forecast of 95 cents.Revenue in the quarter was C$3.92 billion ($3.1 billion), slightly higher than estimates of C$3.84 billion. Sales got a 26% boost in Rogers’s sports and media division because the professional hockey and basketball seasons started on time, unlike in 2020. But the unit lost money.It’s the company’s first earnings report under Chief Executive Officer Tony Staffieri. He was fired as the company’s chief financial officer last September after he participated in a plot to oust CEO Joe Natale.That was part of a wild series of events that included Chairman Edward Rogers suing the company founded by his late father and battling with his sisters and mother for control of the board. He won a court decision in early November, allowing him to push out five directors.The board then voted to dump Natale and bring Staffieri back in the top executive post, over the objections of other members of the Rogers family.The company said it incurred about C$62 million in costs related to the Shaw deal, including fees for lining up a credit facility, and another C$39 million in other restructuring expenses that were “primarily severance costs.”Key InsightsThe company said it added 141,000 phones and 130,000 net postpaid subscribers during the quarter. Bloomberg Intelligence analyst John Butler had expected 140,000; Wall Street expectations were for about 138,000.Revenue and adjusted Ebitda in wireless were both up 5% compared with 4Q of 2020Revenue and adjusted Ebitda in the cable unit were flat compared with the previous yearThe company released guidance calling for adjusted Ebitda to grow 6% to 8% above last year’s level of C$5.89 billion.Free cash flow for 2022 is expected to be C$1.8 billion to C$2 billion. Last year it was C$1.67 billion.Market ReactionRogers shares are up 2.6% YTD versus a 3% decline for the S&P/TSX Composite Index. Last year they gained 1.6% versus a 21.7% gain for the index.Conference call is at 8 a.m. New York time. Click here for access.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9099949570,"gmtCreate":1643293353784,"gmtModify":1676533798384,"author":{"id":"3582888287934264","authorId":"3582888287934264","name":"peterob1","avatar":"https://static.tigerbbs.com/d59b7e35254008f12e8d269f053963b9","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3582888287934264","idStr":"3582888287934264"},"htmlText":"[Cool]&nbsp;","listText":"[Cool]&nbsp;","text":"[Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9099949570","repostId":1166719565,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9099965774,"gmtCreate":1643291532602,"gmtModify":1676533797834,"author":{"id":"3571489689469973","authorId":"3571489689469973","name":"KokFui","avatar":"https://static.tigerbbs.com/543fb73f832c0baaae63cabfe66793e5","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":5,"crmLevelSwitch":1,"authorIdStr":"3571489689469973","idStr":"3571489689469973"},"htmlText":"Walao","listText":"Walao","text":"Walao","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9099965774","repostId":1166719565,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9099962003,"gmtCreate":1643291292239,"gmtModify":1676533797808,"author":{"id":"3581937655679729","authorId":"3581937655679729","name":"Jasonngui","avatar":"https://static.tigerbbs.com/4257d49eb28e662a88192e8c09a3ffaf","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3581937655679729","idStr":"3581937655679729"},"htmlText":"Great&nbsp;","listText":"Great&nbsp;","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9099962003","repostId":1166719565,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":43,"commentSize":3,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1166719565"}