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Company News

Rogers misses quarterly revenue estimates on lower store traffic

July 22 (Reuters) - Canada’s Rogers Communications Inc on Wednesday missed revenue estimates for the second quarter, hurt by a drop in store traffic during coronavirus-led lockdowns.

The telecom operator’s revenue for the quarter ended June 30 fell 16.5% to C$3.16 billion ($2.35 billion), missing estimates of C$3.18 billion, according to IBES data from Refinitiv. ($1 = 1.3432 Canadian dollars) (Reporting by Neha Malara; Editing by Shinjini Ganguli)

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