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Stock impact report

Rogers withdraws financial guidance, posts earnings in glimpse of coronavirus pandemic’s effect on telecommunications [Toronto Globe and Mail (Ontario, Canada)]

Rogers Communication, Inc. (RCI) 
Last rogers communication, inc. earnings: 4/22 07:00 am Check Earnings Report
US:NYSE Investor Relations: investors.rogers.com
Rogers withdraws financial guidance, posts earnings in glimpse of coronavirus pandemic’s effect on telecommunications Rogers Communications Inc. has withdrawn its financial guidance and reported a drop in its first-quarter earnings and revenue after it closed most of its stores, dropped some roaming charges and saw major sports leagues suspended in response to COVID-19. The financial results reported on Wednesday provide an early glimpse of how the global health crisis could affect Canada’s largest telecom companies even though traffic on their networks has risen sharply as people work, learn and entertain from home. “With elevating unemployment levels, we anticipate bad debt costs could increase in the second half of the year," Tony Staffieri, the company’s chief financial officer, told analysts during a conference call to discuss results for the three-month period ended March 31. He said the company is seeing signs that some customers want to reduce their wireless and cable packages Show less Read more
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