Mexican telecommunications giant America Movil on Tuesday said its net profit surged 89.1% in the second quarter on the back of foreign exchange gains.
The logo of America Movil is pictured on the wall of a reception area in the company's corporate offices in Mexico City, Mexico, May 18, 2017. REUTERS/Edgard Garrido/File Photoon Tuesday said its net profit surged 89.1% in the second quarter on the back of foreign exchange gains.
Revenue fell 4.6% from a year earlier to 202.53 billion pesos, missing the Refinitiv estimate of 204.42 billion pesos.The results would likely be neutral for the share price, according to analyst Marissa Garza of Banorte.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Audi May Build Electric Vehicles At Mexican Q5 Plant | CarscoopsInside sources claim Audi will announce electrification plans for its Mexican plant on July 18, but the automaker denies it car auto cars
Read more »
Bus It: Take Route 38 for a Choose-Your-Own Mexican Food AdventureRTD is free through the end of August, so hop on this route for access to options like La Fonda, Javier's Diner and Paleteria Chihuahua.
Read more »
Machaca Guisada: The Mexican Beef Stew That’s Ready in 20 MinutesMade from homemade or store-bought machaca (dried and pounded beef), this Northern Mexican beef stew comes together in no time with the help of juicy tomatoes and tender onions.
Read more »
USD/MXN: Mexican Peso buyers justify options market bias despite flirting with 17.05USD/MXN: Mexican Peso buyers justify options market bias despite flirting with 17.05 – by anilpanchal7 USDMXN Options Markets RiskAversion TrendFollowing
Read more »
Mexican football body creates anti-harassment policyNew guidelines emphasise respect, tolerance, and inclusion as non-negotiable principles in the sport.
Read more »
At least 5 dead after helicopter carrying tourists crashes near Mount EverestAt least five people were killed after a helicopter carrying foreign tourists crashed Tuesday near Mount Everest in Nepal, and one other person on the aircraft was still missing.
Read more »