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BT Group Posts Upbeat Q3 Earnings

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BT Group Posts Higher Q3 Profit

BT Group PLC (NYSE: BT) reported upbeat third-quarter earnings.

BT Group's quarterly net profit climbed to GBP484 million, versus GBP491 million, in the year-ago period.

Its adjusted revenue declined 6% to GBP4.510 billion from GBP4.774 billion. However, analysts were expecting a profit of GBP486 million on revenue of GBP4.485 billion.

Its adjusted EBITDA gained 2% to GBP1.548 billion, versus estimates of GBP1.526 billion.

BT Group shares closed at $39.46 yesterday.

Posted-In: profitEarnings News

 

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