Telecom Argentina Stet - France Telecom (NYSE:TEO) Releases Earnings Results
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Telecom Argentina Stet - France Telecom (NYSE:TEO) reported quarterly earnings of $0.23 per share, exceeding analysts' expectations of $0.15. The company had a revenue of $1.56 billion, surpassing the forecast of $1.53 billion. Despite these results, it recorded a negative net margin of 2.55% and a negative return on equity of 2.64%. The stock rose 5% to $11.68, with analysts giving mixed ratings, including one Buy, two Hold, and two Sell ratings. The average rating is "Reduce" with a price target of $11.57.
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