Rogers Shares Dropped after a loss in profit for Q3.

Jamie Forestell October 26, 2010 Rogers

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.

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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 him 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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