BCE Beats Analyst Estimates as Ziply Assets Boost Revenue

BCE Inc. came ahead of analyst expectations in the third quarter as the firm’s Ziply Fiber asset drove revenue gains and internet subscriptions. The stock rose the most in almost six months.

Canada’s largest telecommunications company earned 79 Canadian cents per share on an adjusted basis, more than the 71 cents analysts expected in a Bloomberg survey, according to a statement Thursday. Net earnings rose to C$4.6 billion ($3.3 billion), compared with a C$1.2 billion loss in the prior-year period, after BCE sold its minority stake in Maple Leaf Sports and Entertainment.