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UPDATE: VimpelCom Posts Higher Q3 Profit

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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.

Posted-In: profitEarnings News

 

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