Morgan Stanley says European telecom earnings show mixed results By Investing.com
Morgan Stanley said 60% of European telecom companies have reported earnings. Revenue beat expectations for 56% of firms, but half missed EBITDA targets. EBITDA growth slowed to 1.3% in Q2 from 3.6% in Q1. Telia and KPN beat EBITDA forecasts; Vodafone raised EBITDAaL and free cash flow guidance, while Elisa, Telenor, and KPN cut guidance.



