BCE Q4 Revenue Misses Estimates, Shares Fall 3.3%

BCE Inc. reported Q4 earnings ahead of expectations, with net earnings rising to C$632 million and adjusted EPS of 69 cents. However, revenue fell short of estimates, leading to a 3.3% drop in shares. The company expects revenue to increase 1% to 5% in 2023, driven by AI-related services, higher wireless pricing, and product sales growth. BCE's wireless unit added 56,000 net postpaid subscribers, down 1% YoY.