UPDATE: VimpelCom Posts Higher Q3 Profit
VimpelCom Ltd (NYSE: VIP) posted a rise in its third-quarter net profit.
VimpelCom's quarterly net profit surged to $538 million, from $189 million, in the year-ago period. However, analysts were expecting a net profit of $506 million.
Its earnings before depreciation and amortization declined to $2.53 billion from $2.57 billion, versus analysts' estimates of $2.51 billion.
VimpelCom's revenue dropped to $5.75 billion from $6.10 billion, versus analysts' estimates of $5.75 billion.
VimpelCom shares closed at $10.71 yesterday.
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