July 27, 2011 / 4:53 PM / 7 years ago

UPDATE 1-Bell Aliant Q2 beats, raises FY rev outlook

* Sees FY rev of C$2.72-C$2.78 bln

* Q2 adj shr C$0.43 vs est C$0.39

* Q2 rev down 1 pct at C$693 mln (Follows alerts)

July 27 (Reuters) - Canadian telecom services provider Bell Aliant Inc posted a quarterly profit that beat estimates, helped by improved growth rates of internet and television revenue and raised its full-year revenue outlook.

Bell Aliant now expects full year revenue of C$2.72-C$2.78 billion ($2.87-$2.93 billion), up from its prior view of C$2.65-C$2.75 billion.

It still expects 2011 adjusted earnings of C$1.60-$1.80 per share and capital expenditures of C$520-C$560 million.

Second quarter net income was C$83 million, or 36 Canadian cents per share.

Adjusted profit was 43 Canadian cents per share, topping analysts’ expectations of 39 Canadian cents per share, according to Thomson Reuters I/B/E/S.

Operating revenue fell 1 percent to C$693 million, but beat market estimates of C$682.8 million.

Shares of the Halifax, Nova Scotia-based company were down less than a percent at C$27.96 on Wednesday on the Toronto Stock Exchange. ($1 = 0.948 Canadian Dollars) (Reporting by Abhiram Nandakumar in Bangalore; Editing by Viraj Nair)

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