China Mobile Drops After Profit Misses Analyst Estimates
This article is for subscribers only.
China Mobile Ltd., the world’s biggest phone carrier by users, fell the most in more than six months in Hong Kong trading after the company reported profit that missed analysts’ estimates.
China Mobile fell 3 percent to close at HK$84.80, the biggest decline since Oct. 7. It had the third-biggest percentage loss today on the city’s benchmark Hang Seng Index, which lost 1.8 percent.