América Móvil, S.A.B. de C.V. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 19, 2023 at 04:10 pm EDT
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América Móvil, S.A.B. de C.V. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was MXN 203,842.28 million compared to MXN 210,792.68 million a year ago. Net income was MXN 2,028.37 million compared to MXN 17,969.17 million a year ago. Basic earnings per share from continuing operations was MXN 0.03 compared to MXN 0.23 a year ago. Basic earnings per share was MXN 0.03 compared to MXN 0.28 a year ago. Diluted earnings per share from continuing operations was MXN 0.03 compared to MXN 0.23 a year ago. Diluted earnings per share was MXN 0.03 compared to MXN 0.28 a year ago.
For the nine months, sales was MXN 615,300.25 million compared to MXN 628,539.37 million a year ago. Net income was MXN 58,048.61 million compared to MXN 62,449.71 million a year ago. Basic earnings per share from continuing operations was MXN 0.92 compared to MXN 0.93 a year ago. Basic earnings per share was MXN 0.92 compared to MXN 0.97 a year ago. Diluted earnings per share from continuing operations was MXN 0.92 compared to MXN 0.93 a year ago. Diluted earnings per share was MXN 0.92 compared to MXN 0.97 a year ago.
America Movil, S.A.B. de C.V. is a holding company. The Company provides telecommunications services. Its services include mobile and fixed-line voice services, wireless and fixed data services, Internet access and pay television, sales of equipment, accessories and computers, as well as other related services. Its segments are Mexico Wireless, Mexico Fixed, Brazil, Colombia, Southern Cone, Andean Region, Central America, the Caribbean, the United States and Europe. The Southern Cone segment includes Argentina, Chile, Paraguay and Uruguay. The Andean Region segment includes Ecuador and Peru. The Central America segment includes Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama. The Caribbean segment includes the Dominican Republic and Puerto Rico. The Europe segment includes Austria, Belarus, Bulgaria, Croatia, Macedonia, Serbia and Slovenia. It operates in all of its geographic segments under the Claro brand, except in Mexico, the United States and Europe.