Rogers profit beats analysts’ estimates as Apple iPhone helped carrier win subscribers

“Rogers Communications Inc., Canada’s largest wireless carrier [reported yesterday that] net income advanced to C$374 million, or 59 cents a share, from C$301 million, or 47 cents, a year earlier. Profit, excluding some costs, rose to 65 cents a share, Rogers said today in a statement. That exceeded the average estimate of 56 cents by 16 analysts in a Bloomberg survey,” Hugo Miller reports for Bloomberg.

“Rogers is the exclusive carrier for the iPhone in Canada, and the introduction of the newest iPhone 3Gs and price cuts to the current model helped the carrier win subscribers amid the economic slump,” Miller reports.

“Rogers added 148,000 wireless subscribers in the quarter, better than the 110,200 predicted by Greg MacDonald, an analyst at National Bank Financial in Toronto, Miller reports.

Full article here.

[Thanks to MacDailyNews Reader “Edward W.” for the heads up.]