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Telia Co. raises forecast after third-quarter profit beats forecast

Telia Co. raises forecast after third-quarter profit beats forecast


Telia Co. raised its full-year forecast after its third-quarter adjusted profits beat forecasts, with its telecommunications business offsetting weakness in the television and media sectors.

The Swedish telecommunications operator announced on Thursday that its adjusted earnings before interest, taxes, depreciation and amortization – the company’s preferred measure, which excludes one-off and other exceptional items – rose 9.5% to 8.47 billion Swedish crowns ($768.7 million), compared to SEK 7.96. billion expected in a FactSet survey.

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Eleon

With a penchant for words, Eleon Smith began writing at an early age. As editor-in-chief of his high school newspaper, he honed his skills telling impactful stories. Smith went on to study journalism at Columbia University, where he graduated top of his class. After interning at the New York Times, Smith landed a role as a news writer. Over the past decade, he has covered major events like presidential elections and natural disasters. His ability to craft compelling narratives that capture the human experience has earned him acclaim. Though writing is his passion, Eleon also enjoys hiking, cooking and reading historical fiction in his free time. With an eye for detail and knack for storytelling, he continues making his mark at the forefront of journalism.
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