America Movil Profit Trails Estimates as Rules Boost Competition
February 13, 2013 by Avila Capital Markets, Inc.
America Movil SAB, the mobile-phone company controlled by billionaire Carlos Slim, reported fourth- quarter profit that missed analysts’ estimates as tougher regulations increased competition.
Earnings before interest, taxes, depreciation and amortization totaled 61.7 billion pesos ($4.86 billion), the Mexico City-based company said yesterday in a statement. That fell short of the 65.6 billion-peso average of six estimates compiled by Bloomberg.
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