BT Tops Earnings Estimates on High-Speed Internet and TV
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BT Group Plc’s third-quarter profit before some items exceeded analysts’ estimates as the U.K’s largest Internet service provider won more users for its television and high-speed broadband service.
Adjusted earnings before interest, taxes, depreciation and amortization rose 1.6 percent to 1.55 billion pounds ($2.5 billion) in the three months ended Dec. 31, London-based BT said today in a statement. Analysts had predicted 1.53 billion pounds, data compiled by Bloomberg show. Revenue, excluding the impact of a regulatory decision, fell 6 percent to 4.51 billion pounds, matching the average estimate by analysts.