VERDUN, Quebec (AP) _ BCE Inc. (BCE) on Thursday reported fourth-quarter net income of $537.9 million.

The Verdun, Quebec-based company said it had profit of 56 cents per share. Earnings, adjusted for asset impairment costs and non-recurring costs, came to 67 cents per share.

The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 69 cents per share.

The Canada's largest telecommunications company posted revenue of $4.79 billion in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $4.78 billion.

For the year, the company reported profit of $2.4 billion, or $2.54 per share. Revenue was reported as $18.06 billion.

BCE expects full-year earnings in the range of $2.65 to $2.73 per share.

BCE shares have risen slightly more than 2% since the beginning of the year. The stock has risen slightly more than 8% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BCE at https://www.zacks.com/ap/BCE

Automated Insights, source Associated Press News