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BCE beats 4Q profit forecasts

VERDUN, Quebec (AP) _ BCE Inc. (BCE) on Thursday reported fourth-quarter profit of $452.8 million.

The Verdun, Quebec-based company said it had profit of 50 cents per share. Earnings, adjusted for non-recurring costs, were 60 cents per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 59 cents per share.

The Canada's largest telecommunications company posted revenue of $4.69 billion in the period.

For the year, the company reported profit of $2.15 billion, or $2.41 per share. Revenue was reported as $17.52 billion.

BCE shares have fallen 6 percent since the beginning of the year. The stock has climbed nearly 3 percent in the last 12 months.

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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