Telecom Italia SpA (TIT.MI) said Friday that its third-quarter net profit fell 8.4% from the year-earlier period, hit by higher operating expenses.
Italy's largest telecom operator net profit in the three months period ended Sept. 30 was 437 million euros ($507.7 million), compared with EUR477 million a year earlier. Revenue for the quarter stood at EUR4.91 billion, up from EUR4.84 billion.
Continue Reading Below
The company said that earnings before interest tax depreciation and amortization, or ebitda, declined 2.5% to EUR2.1 billion.
Telecom Italia confirmed, in organic terms, the guidance for the year.
Write to Marc Navarro Gonzalez at firstname.lastname@example.org
(END) Dow Jones Newswires
November 10, 2017 04:33 ET (09:33 GMT)