Mining & Metals
BCE Q2 Adjusted Earnings Top Estimates, Maintains Higher 2026 Capex Plan
BCE (BCE.TO, BCE), the parent company of Bell Canada, edged higher in US premarket trading on Thursday after reporting a 3.2% year-over-year increase in adjusted Q2 earnings to C$0.65 per share from C$0.63 a year earlier.The results topped the FactSet consensus estimate of C$0.64 per share.Operating revenue rose 1.5% to C$6.18 billion, in line with the FactSet consensus estimate.BCE also declared a quarterly dividend of C$0.4375 per common share, payable on Oct. 15 to shareholders of record at the close on Sept. 15.In 2026, the company said it expects capital expenditures to increase by C$1.3 billion over 2025 due to the construction of the Saskatchewan AI data center, resulting in a higher capital intensity ratio.The company's shares were last up almost 1% in US premarket trading on Thursday after closing down 0.3% on the Toronto Stock Exchange on Wednesday.
$BCE$BCE.TO