Rogers Shares Dropped after a loss in profit for Q3.

Rogers Communications has reported a loss of 24% in profit for Q3. Shares have dropped 7% since market open based on the news.  Net income for Rogers  (TSX: RCI.B) lowered to $370 million or .64 cents per share for Q3. That’s down from $485 million, or 79 cents per share, at the same time a year earlier.

Rogers  says heightened competition in the overall market resulted in fewer net subscriber additions to its wireless services, compared with last year.

About Jamie Forestell

Jamie Forestell is the Editor-in-chief and also the founder of Tek Tok Canada. His knowledge and aptitude for Technology led him to create a central website for all Canadians. His strong passion for the Technology world helps keep him to stay abreast of leading-edge technologies and his desire to spread this information was the driving factor behind the creation of Tek Tok Canada.

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