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Telecom Italia revenues down 6.6% in Q4, misses profit target and launches 2020-22 business plan

2020-03-11 09:52:00| Telecompaper Headlines

(Telecompaper) Telecom Italia (TIM) posted a 6.6 percent year-on-year decline in revenues to EUR 4.0 billion in the fourth quarter, with improved results at its TIM Brasil unit offset by a fall of EUR 291 million (-7.6% year on year) at its domestic unit. TIM's EBITDA for the quarter came to EUR 1.7 billion, down 1.6 percent compared to Q4 2018 on an organic basis, with a domestic decline of 12.8 percent largely offset by a strong performance in Brazil, where it's teaming up with Telefonica to bid for Brazilian operator Oi's mobile business.

Tags: business plan target italia

TC Energy Profit Misses On Lower Keystone Pipeline Volumes

2020-02-13 21:00:00| OGI

TC Energy's earnings from its oil pipelines, of which Keystone is the biggest contributor, plunged 33.3% to C$355 million in the fourth quarter.

Tags: lower energy profit volumes

Marathon Oil Profit Misses Estimates As Prices Tumble

2020-02-13 14:35:43| OGI

Marathon Oil's quarterly results mirrored weaker earnings across the sector, as prices of global crude fell in the quarter on oversupply and demand concerns.

Tags: prices oil profit estimates

Baker Hughes Profit Misses On Waning LNG Equipment Demand

2020-01-22 14:25:38| OGI

Baker Hughes also reported North America revenue in its oilfield services unit fell 15% from a year earlier to $1.04 billion, echoing results from rivals Schlumberger and Halliburton.

Tags: equipment demand profit baker