Stellar 1Q For America Movil
Despite persistent declines in mobile termination rates, America Movil (NYSE:AMX) managed to exceed expectations in the first quarter of 2012. The company reported earnings per ADR of 65 cents, surpassing the Zacks Consensus Estimate of 47 cents and also improved 33% from 49 cents in the year-ago quarter. Net profit increased 37.5% year over year [...]
Despite persistent declines in mobile termination rates, America Movil (NYSE:AMX) managed to exceed expectations in the first quarter of 2012. The company reported earnings per ADR of 65 cents, surpassing the Zacks Consensus Estimate of 47 cents and also improved 33% from 49 cents in the year-ago quarter. Net profit increased 37.5% year over year to MXN$32.6 billion (approximately $2.5 billion).
Total revenue was MXN$192.5 billion (approximately $14.8 billion), up 12.4% year over year and above … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards