AMX Tops, Subscriber Growth Dips – Analyst Blog
Zacks Market Commentaries (October 29th, 2009) Writes:
America Movil (AMX) reported results for third-quarter 2009 with earnings per ADS of 86 cents edging past the Zacks Consensus Estimates of 85 cents while increasing 22.6% from the year-ago earnings per ADS of 70 cents. Net profit surged 50.6% year over year to 18.7 billion pesos (US$1.4 billion) or 0.57 pesos per share. This healthy growth was fuelled by higher revenue and lower financing costs which fell 82.5% year over year due to gains stemming from favorable exchange rate swings.
Revenue & EBITDA Latin America’s largest wireless carrier continues to register a double-digit revenue growth as evident from the 16.9% year over year increase in consolidated revenue in the quarter to 99.8 billion pesos (US$7.5 billion), driven by 19.5% growth in service revenue. Revenue growth was supported by healthy business momentum across 3G wireless and broadband Internet businesses.
Consolidated EBITDA for the quarter was 40.4 ...
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3g, 3G data services, 3g Network, 3G services, 3G wireless;, America Movil, Analyst, Argentina, Brazil, Brazilian ARPU, broadband, broadband Internet businesses, cellular networks;, cent;, Chile, Columbia, Ecuador, GSM, Investing Lessons, Iphone, Latin America, Leap Wireless, low priced prepaid wireless services, Mexico, Panama, Paraguay, Peru, Peso, South America, Sprint, Stocks to Watch, telecom giant;, TELEFONICA, Tracfone US, United States, Uruguay, USD, Wal Mart, Wireless Carrier, wireless market, wireless subscriber additions, wireless subscriber base;, Zacks Market Commentaries


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