Vodafone misses market expectations with 1.2% drop in earnings
The Star Online - Tech·2021-05-18 19:06
LONDON (Reuters) -Mobile operator Vodafone reported a 1.2% drop in full-year adjusted earnings, coming in at the bottom of its guidance and missing market expectations, after COVID-19 hit roaming revenue and handset sales.
The company posted adjusted EBITDA (earnings before tax, interest, depreciation and amortisation) of 14.4 billion euros on revenue of 43.8 billion euros, down 2.6%.
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