Boston, MA 10\/30\/2013 (wallstreetpr) –\u00a0The Mexico-based telecoms company America Movil SAB De CV (ADR)(NYSE:AMX)<\/b> reported its Q3.13 on October 28, posting disappointing results.\u00a0 The company\u2019s per share earnings came in at $0.35, missing analysts\u2019 prediction of $0.49 and deteriorating 41.7% from $0.61 per share a year ago. The company however realized marginal growth in its revenue, posting $15.1 billion against $14.8 billion analysts\u2019 estimate and up 0.7% from a year ago.<\/p>\n
Moving on, the company\u2019s services revenue came in $13.5 billion, shedding 0.9% from a year ago. This drop in services revenue was majorly due to currency fluctuation. On the equipment side, revenue climbed 17.7% year over year to come in at $1.5 billion due to increasing demand for tablet computers and smartphones.<\/p>\n
America Movil experience higher expenses in the quarter, coming in at $10.1 billion, or 4.2% from a year ago quarter. The company\u2019s EBITDA flopped 5.8% year over year to come in at $4.9 billion. The EBITDA margin also went south 220 bps from a year ago quarter to 32.6%.<\/p>\n
Although the telecoms company noted poor earnings and marginal top-line, its subscriber base increased in the quarter ending September. Its wireless subscribers were 265 million, representing 3.6% growth from a year ago quarter. And its fixed-line subscribers were 60 million, representing 6.6% growth. In total, the company had 333 million subscribers by the end of Q3, up 4.6% year over year.<\/em><\/p>\n In regional segments, the company suffered in its home ground Mexico, dropping 0.3% year over year to stand at $5.3 billion in revenue. In the Brazilian market, America Movil\u2019s revenue climbed 10.3% year over year to post $3.7 billion. Revenue from the U.S. operations also improved 17.2% to $1.5 billion.<\/p>\n While America Movil looks strong in its grip of the Latin American wireless market, being supported by increased penetration of the 4G network and expanding Pay TV revenue, the company is also facing daunting challenges in the form of stringent regulatory issues, stiff competition, high expenses and generally fluid economic condition.<\/p>\n","protected":false},"excerpt":{"rendered":" Boston, MA 10\/30\/2013 (wallstreetpr) –\u00a0The Mexico-based telecoms company America Movil SAB De CV (ADR)(NYSE:AMX) reported its Q3.13 on October 28, posting disappointing results.\u00a0 The company\u2019s […]<\/p>\n","protected":false},"author":10,"featured_media":11847,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[263],"tags":[3922,3453,1686],"stock_ticker":[],"class_list":["post-11846","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-america-movil-sab-de-cv-adrnyseamx","tag-amx","tag-nyseamx","entry"],"acf":[],"yoast_head":"\n