UPDATE 2-Bell Aliant profit falls on restructuring charge

Tue Feb 5, 2013 11:06am EST
 
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* Sees full-year 2013 EPS of C$1.45 to C$1.75

* Sees operating revenue between C$2.73 bln and C$2.81 bln

* Shares up 2 pct

Feb 5 (Reuters) - Canadian telecom services provider Bell Aliant Inc posted a 12 percent fall in fourth-quarter profit as it took a restructuring charge, and said it plans lower capital expenditure this year.

Bell Aliant shares were up about 2 percent at C$26.05 in early trade on the Toronto Stock Exchange on Tuesday.

Net income fell to C$70.3 million ($70.38 million), or 31 Canadian cents per share, from C$80 million, or 35 Canadian cents per share, a year earlier.

On an adjusted basis, the company earned 37 Canadian cents per share. Analysts were expecting a first-quarter profit of 41 Canadian cents per share, according to Thomson Reuters I/B/E/S.

Operating revenue fell 0.8 percent to C$694.8 million due to a decline in local and long distance revenues. Analysts were looking for C$697.1 million.

The company, a unit of BCE Inc - Canada's biggest telecom company, forecast adjusted per-share earnings of C$1.45 to C$1.75 for 2013, compared with the C$1.63 per share it earned on an adjusted basis in 2012.   Continued...