- América Móvil ADRs (NYSE:AMX) are down 3.5% after profits tumbled on currency issues spurred by worldwide oil price declines.
- Revenues rose to 229.3B pesos (up 2.7% when counting Telekom Austria, a Q3 inclusion at AMX) against an expected 227.5B pesos. Net profit of 3.6B pesos was down from 16.3B pesos the prior year.
- EBITDA declined to 67.7B pesos (down 0.7%) vs. an expected 70.5B pesos.
- The company says currency declines led to a 42% increase in financial costs.
- It added 2.6M wireless subs to end the year with 289.4M.
- Previously: Slim raises stake in America Movil (Jan. 21 2015)
América Móvil slips 3.5% as currency issues hamstring Q4 profits
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Symbol | Last Price | % Chg |
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América Móvil, S.A.B. de C.V. |