America Movil SAB, Latin America’s largest wireless carrier, led losses among Mexican stocks after regulatory sanctions took a toll on quarterly results, with profit margins in its home country dropping to a record low.
Earnings fell 5.1 percent to 63.9 billion pesos ($3.4 billion), leaving out interest, taxes, depreciation and amortization, the Mexico City-based company said Tuesday in a statement. Analysts projected 67.7 billion pesos, the average of estimates compiled by Bloomberg.
America Movil SAB, Latin America’s largest wireless carrier, led losses among Mexican stocks after regulatory sanctions took a toll on quarterly results, with profit margins in its home country dropping to a record low.Earnings fell 5.1 percent to 63.9 billion pesos ($3.4 billion), leaving out interest, taxes, depreciation and amortization, the Mexico City-based company said Tuesday in a statement. Analysts projected 67.7 billion pesos, the average of estimates compiled by Bloomberg.
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