TeliaSonera Posts Drop In Q3 Profit

TeliaSonera AB

reported a drop in its third quarter net profit. TeliaSonera's quarterly sales fell to SEK25.84B, from SEK26.71B in the year-ago period, and versus estimates of SEK26.14B. Its EBITDA fell to SEK9.26B, from SEK9.88B and versus estimates of SEK9.47B. TeliaSonera's net profit declined to SEK4.80B, from SEK4.86B and versus estimates of SEK4.94B. TeliaSonera shares closed at $7.00 yesterday.