Partner Communications Q2 Net Profit Drops 83%
Israel's Partner Communications (NASDAQ: PTNR) reported an 83% fall in its second-quarter profit.
Partner Communications' quarterly net profit dropped to 20 million shekels ($5.4 million), versus 120 million, in the year-ago period.
Its revenue declined 21% to 1.13 billion shekels. However, analysts were expecting a profit of 42.6 million shekels on revenue of 1.14 billion.
Partner Communications' subscriber base dropped 6% to 2.92 million.
Partner Communications shares closed at $7.05 yesterday.
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