By Adria Calatayud

BT Group PLC said Thursday that third-quarter adjusted earnings and revenue both fell but came in slightly ahead of consensus expectations and reiterated its earnings guidance for the full year.

The U.K. telecommunications company said adjusted earnings before interest, taxes, depreciation and amortization for the quarter to Dec. 31 were 1.88 billion pounds ($2.57 billion) compared with GBP1.98 billion for the same period last year. Adjusted revenue was GBP5.48 billion, down 5.2% on year.

Analysts expected quarterly adjusted Ebitda of GBP1.85 billion on revenue of GBP5.46 billion, according to consensus forecasts provided by the company.

BT's pretax profit for the first nine months of fiscal 2021 fell 16% to GBP1.59 billion.

The company said it continues to expect adjusted Ebitda for the full year to be between GBP7.3 billion and GBP7.5 billion, and raised the lower end of its normalized free cash-flow guidance range to GBP1.3 billion from GBP1.2 billion.

BT now expects fiscal 2021 normalized free cash flow to be between GBP1.3 billion and GBP1.5 billion.

Write to Adria Calatayud at adria.calatayud@dowjones.com

(END) Dow Jones Newswires

February 04, 2021 02:30 ET (07:30 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
Grafico Azioni Bt (LSE:BT.A)
Storico
Da Mar 2024 a Apr 2024 Clicca qui per i Grafici di Bt
Grafico Azioni Bt (LSE:BT.A)
Storico
Da Apr 2023 a Apr 2024 Clicca qui per i Grafici di Bt