Telecom Argentina Q1 Operating income, Revenue Increase

MT Newswires Live05-12 15:41

Telecom Argentina (TEO) reported late Monday Q1 net income attributable to the controlling company of 636.68 billion Argentine pesos ($457 million), up from 118.10 billion pesos a year earlier.

Revenue for the quarter ended March 31 was 2.358 trillion pesos, up from 1.806 trillion pesos a year earlier.

A single analyst surveyed by FactSet expected 2.256 trillion pesos.

Shares of the company were up 2.1% in Tuesday's premarket trading.

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