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.
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