April 28, 2010 / 11:46 AM / 8 years ago

UPDATE 1-Rogers quarterly profit jumps

* Q1 EPS C$0.64 Vs C$0.49 a yr ago

* Excluding items, Q1 EPS C$0.69 Vs C$0.40 a yr ago

TORONTO, April 28 (Reuters) - Rogers Communications Inc (RCIb.TO) posted a 23 percent rise in quarterly earnings on Wednesday, driven by growth in its wireless, cable TV and media businesses.

Rogers, which owns Canada’s biggest wireless carrier, reported net income of C$380 million, or 64 Canadian cents a share, for the three months ending March 31. That compared with C$309 million, or 49 Canadian cents a share, a year earlier.

Excluding items, the company reported earnings of 69 Canadian cents a share, compared with the average analyst estimate of 56 Canadian cents a share, as compiled by Thomson Reuters I/B/E/S.

    Revenue at Rogers, which also has Internet, cable TV and home phone divisions, rose 5 percent to C$2.89 billion, matching Thomson Reuters estimates.

    In February, Rogers forecast that on a consolidated basis its 2010 adjusted profit would climb 2 percent to 7 percent. [ID:nN1699567]

    Rogers shares, which closed at C$35.65 on the Toronto Stock Exchange on Tuesday, are up 8 percent year-to-date and 22 percent over the past year. (Reporting by Euan Rocha; Editing by Derek Caney)

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