Additional Information
Market: TSX
Sector: Telecoms services
Latest Price: 63.03  (-0.06% Descending)
52-week High: 76.49
52-week Low: 55.80
Market Cap: 2,113.61M
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Cogeco Cable

Cogeco is a diversified telecommunication company opeating in Canada and Portugal.  The company is the second largest cable system operator in Ontario, Quebec and Portugal, and also leading radio broadcaster in Quebec.

Cogeco Cable beats the Street in the third quarter

11th Jul 2013, 10:21 am by Anwar Ali
Cogeco earned $1.08 per share, a penny higher than a year ago and five cents higher than the street's median estimate. Cogeco earned $1.08 per share, a penny higher than a year ago and five cents higher than the street's median estimate.

Cogeco Cable (TSE:CCA) says its third-quarter profit was flat at $53.1 million year-over-year as funds from recent acquisitions were offset by the transaction costs.

On a per share basis, Cogeco earned $1.08 per share, a penny higher than a year ago and five cents higher than the Street's median estimate.

The Montreal-based company's revenue rose 45.3 per cent to $464.5 million from $319.8 million in the same prior-year period. 

Looking ahead, Cogeco is raising its guidance for operating income before depreciation and amortization to $780 million from $767 million for the full fiscal year. The company also predicts its operating margins will rise to 46 per cent from 45.2 per cent. 

During the quarter, Cogeco acquired Atlantic Broadband, a cable operator in five American states and Peer 1 Hosting, a technology services provider.

Cogeco shares increased 2.8 per cent to $47.83 at the opening bell. 

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