08:10:40 EDT Sat 20 Apr 2024
Enter Symbol
or Name
USA
CA



Magna International Inc
Symbol MG
Shares Issued 410,974,525
Close 2015-07-31 C$ 71.06
Market Cap C$ 29,203,849,747
Recent Sedar Documents

Globe says BCE, others post Q2 results this week

2015-08-04 06:12 ET - In the News

See In the News (C-BCE) BCE Inc (2)

The Globe and Mail reports in its Monday, Aug. 3, edition that smart phones and car parts will be in the earnings spotlight this week as second quarter results continue to roll in. The Globe's John Heinzl writes that Rogers Communications topped estimates last month. Rivals BCE and Telus will report before markets open on Thursday and Friday. Scotia Capital analyst Jeff Fan says, "BCE and Telus are expected to lead the incumbents in wireless growth." He expects BCE to add a net 58,000 postpaid wireless customers and Telus to gain 60,000 (compared with 24,000 for Rogers). Mr. Fan also expects that BCE and Telus will both report growth in their wireline divisions. Over all, analysts expect BCE to report adjusted earnings per share of about 87 cents, up 6.6 per cent from a year earlier, while Telus is expected to post adjusted earnings of about 66 cents, up 4.4 per cent. Also out this week are second quarter results from Linamar, which reports after the close on Wednesday, and Magna International, which follows on Friday morning. RBC analyst Steve Arthur says the falling loonie will pose a headwind for Magna, which reports in United States dollars.

© 2024 Canjex Publishing Ltd. All rights reserved.