America Movil (AMX) Reports Q4 EPS of $0.08; Profits Hampered by FX
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America Movil (NYSE: AMX) reported Q4 EPS of $0.08, versus $0.35 reported last year. Revenue for the quarter came in at 229.3 billion pesos, from 223.4 billion pesos in the same period last year.
The company said: "Our operating profits declined 11.2% in Mexican peso terms—as depreciation and amortization charges rose 12.5%. This decrease and a 42.3% increase in comprehensive financing costs, led to an 77.8% decline on net profit. The increase in comprehensive financing cost was on account of unrealized foreign exchange losses."
For earnings history and earnings-related data on America Movil (AMX) click here.
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