BCE reports Q3 adjusted EPS 81c, consensus 60c

Reports Q3 revenue $6.08B, consensus $4.49B. “The Bell team has demonstrated continued operational excellence, delivering results that place us in a solid position as we look ahead to the end of the year,” said Mirko Bibic, CEO. “Bell’s Q3 results reflect the positive outcome of our significant investments in broadband networks and services, a clear preference by our customers for fibre, continued momentum in our core operations, and cost containment and discipline. Our continued investments in building high-quality networks and delivering the services that our customers want continues to pay off with a record quarter for fibre Internet net activations of 104,159, up 7.9% over last year. We are continuing to grow in wireless with 231,212 total mobile phone and connected device net subscriber activations; 142,886 of which are postpaid net subscriber activations, representing our second highest Q3 result since 2010. I’m pleased with our overall progress this quarter. With healthy subscriber growth across the board, consistent results and disciplined execution, I’m confident in the Bell team’s ability to continue delivering on our strategic priorities in the months ahead.”