Telecom Italia Reports Rise In Q3 Profit
Telecom Italia SpA (NYSE: TI) reported a rise in its net profit in the third quarter.
Telecom Italia's quarterly net profit climbed to EUR807 million, from EUR608 million, in the year-ago quarter. Its revenue gained 12% to EUR7.52 billion. However, analysts were expecting a net profit of EUR706 million on revenue of EUR7.48 billion.
TI shares gained 4.35% to close at $11.52 yesterday.
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