Salem Radio Network News Wednesday, August 4, 2021

Science

Telenor quarterly profit misses consensus

STOCKHOLM/OSLO (Reuters) – Norway’s Telenor posted weaker-than-expected second-quarter adjusted operating earnings on Tuesday but slightly raised its full-year revenue outlook.

Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) for the April-June quarter fell to 12.35 billion Norwegian crowns ($1.38 billion) from 13.18 billion, missing the 12.7 billion expected by analysts in a poll compiled by Telenor.

($1 = 8.9672 Norwegian crowns)

(Reporting by Supantha Mukherjee in Stockholm and Nora Buli in Oslo; editing by Niklas Pollard)

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