Telia Co. raised its full-year guidance after third-quarter adjusted earnings beat forecasts as its telecommunications business offset weakness in television and media.
The Swedish telecommunications operator said Thursday its adjusted earnings before interest, taxes, depreciation and amortization—the company’s preferred metric, which strips out exceptional and other one-off items—rose 9.5% to 8.47 billion Swedish kronor ($768.7 million) from SEK7.96 billion expected in a FactSet poll.
Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8