Deutsche Telekom Posts Q1 Results

Deutsche Telekom AG DTEGY reported a 50% drop in its first-quarter net profit. Deutsche Telekom's quarterly revenue fell 1.1% y/y to EUR14.43 billion. Its earnings before interest, taxes, depreciation, amortization and one-time items came in at EUR4.48 billion, versus analysts' estimates of EUR4.41 billion. Its net profit declined 50% to EUR238 million. Deutsche Telekom shares closed at $11.33 yesterday.