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Rogers adjusted profit misses estimate, falls more than expected to $405 million

2014-10-23 18:39:58| Telecom - Topix.net

Rogers Communications Inc. says its third-quarter profit declined more than 28 per cent as the telecom and media company pushed ahead with changes intended to improve its long-term performance. The Toronto-based cable and wireless company , which also owns one of Canada's largest media businesses, reported $332 million of net income, or 64 cents per share - down from $464 million, or 90 cents per share.

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