Deutsche Telekom Earnings Top Estimates on Germany
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Deutsche Telekom AG, Germany’s largest phone company, reported first-quarter profit before some items that beat analysts’ estimates after slowing a decline in mobile revenue at home and halting an exodus of U.S. customers.
Earnings before interest, taxes, depreciation and amortization adjusted for some items fell 4.3 percent to 4.29 billion euros ($5.6 billion), compared with the 4.24 billion-euro average estimate among analysts compiled by Bloomberg. In the U.S., wireless customers, including pay-as-you-go users, rose for the first time in 15 quarters, the Bonn-based company said today.