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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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