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Wednesday, Feb 13
America Movil (AMX -9.1%) tumbles to new 52-week lows after missing Q4 estimates thanks to...
America Movil (AMX -9.1%) tumbles to new 52-week lows after missing Q4 estimates thanks to slowing growth, margin pressures, and forex. While AMX's pay-TV and mobile data service revenue respectively rose 33% and 20% Y/Y, mobile voice fell 1.7% and wireline voice 7.2%. EBITDA margin fell 240 bps Y/Y to 31.1%, thanks in part to 3G/4G investments and smartphone subsidies. 5.6M wireless subs and 1.3M wireline subs were added in the seasonally strong quarter vs. 4.1M and 1.6M in Q3, with strong growth in Brazil. (PR)