BCE Inc, Canada's largest telecommunications company, saw its stock plunge 5.06% in Thursday's intraday session, following its Q4 earnings report that revealed lower revenue despite higher profits.
The company reported a 0.8% year-over-year decline in operating revenue to C$6.42 billion for the quarter, falling short of analysts' expectations. While BCE's adjusted earnings per share of C$0.79 beat estimates, the drop in revenue weighed heavily on investor sentiment.
Adding to concerns, BCE set 2025 targets that could see revenue decline further by up to 3% due to increasing competitive pressures in Canada's telecom market. The company cited wireless and broadband pricing competition from rivals, as well as lower subscriber growth trends, as key factors impacting its future revenue outlook.
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