BCE profits dip but still beat expectations

MONTREAL – BCE Inc. said its profits slipped 2.5% in the second quarter, largely due to costs from its CTV purchase, but the results still beat expectations from analysts.It reported that net profit fell to $590 million, or 76 Canadian cents a share, from $605 million, or 80 cents a share, a year earlier. Revenue grew 11.6% to $4.96 billion. Analysts on average had expected Bell to earn revenue of $4.9 billion. BCE says its "comfortably on track" to meet its 2011 guidance.In May, BCE raised its full-year guidance to reflect its purchase of broadcaster CTV, which is part of...