UK Markets closed

BCE: 1Q Earnings Snapshot

VERDUN, Quebec (AP) _ BCE Inc. (BCE) on Thursday reported first-quarter profit of $523.1 million.

The Verdun, Quebec-based company said it had net income of 58 cents per share. Earnings, adjusted for one-time gains and costs, came to 63 cents per share.

The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 64 cents per share.

The Canada's largest telecommunications company posted revenue of $4.42 billion in the period.

BCE expects full-year earnings in the range of $2.73 to $2.81 per share.

BCE shares have decreased 13 percent since the beginning of the year. The stock has fallen slightly more than 7 percent in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BCE at https://www.zacks.com/ap/BCE