By Adriano Marchese
BCE shares were lower Thursday morning after reporting profit fell as the company faced higher costs in the first quarter.
Shares were trading 2.2% lower at 44.76 Canadian dollars ($32.57).
The Canadian telecom company said net income fell to C$457 million, or C$0.44 a share, from C$788 million, or C$0.79 a share, in the prior-year period.
Operating revenues fell more than expected to C$6.01 billion from C$6.05 billion. Analysts were expecting only a slight decline to C$6.04 billion.
BCE cites lower service revenue that fell 0.6% to C$5.19 billion.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
05-02-24 1045ET