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Rogers Communications Tops Q3 Earnings and Revenues

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Rogers Communications Inc. RCI reported impressive third-quarter 2015 financial results, wherein both the top and the bottom line steered past the Zacks Consensus Estimate.

Quarterly net income came in at $355.1 million or 69 cents per share compared with $305.1 million or 59 cents in the year-ago quarter. Adjusted earnings per share were 70 cents, higher than the Zacks Consensus Estimate of 64 cents.

Meanwhile, quarterly total revenue of $2,590 million was up 4.1% year over year and also surpassed the Zacks Consensus Estimate of $2,526 million.

Third-quarter adjusted operating profit came in at $1,029.3 million, up 2.5% year over year. Quarterly adjusted operating margin was 39.7% compared with 40.3% in the year-ago quarter.

During the third quarter of 2015, Rogers Communications generated $1114.3 million of cash from operations, reflecting a substantial increase of 37.7% year over year. Adjusted free cash flow was $505.1 million, up a significant 78.4% year over year.

At the end of the third quarter, Rogers Communications had $1,740.3 million of cash and marketable securities on its balance sheet compared with $1,827.2 million at the end of 2014. Total outstanding debt stood at $11,852.2 million compared with $12,170.6 million at the end of 2014. The debt-to-capitalization ratio was 0.73 compared with 0.72 at 2014-end.

Wireless Segment

Quarterly total revenue came in at $1,509.9 million...