SK Telecom ( NYSE:SKM – Get Free Report ) released its earnings results on Wednesday. The Wireless communications provider reported $0.75 EPS for the quarter, beating the consensus estimate of $0.68 by $0.07, Zacks reports. SK Telecom had a net margin of 4.23% and a return on equity of 5.30%. The firm had revenue of $3.31 billion during the quarter, compared to analysts’ expectations of $3.27 billion.
Here are the key takeaways from SK Telecom’s conference call:
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SK Telecom reported continued earnings recovery, with operating income of KRW 552.3 billion for the quarter and more than KRW 500 billion for the third consecutive quarter; nine-month operating income reached KRW 1.656 trillion.
The core mobile business showed improving momentum: mobile service revenue and ARPU rose quarter over quarter, which management attributed to attracting higher-value subscribers and expanding into new customer segments. The company expects gradual revenue recovery to continue in the fourth quarter.
SK Telecom declared a quarterly dividend of KRW 830 per share and said it aims to maintain at least the current dividend level, supported by stable earnings and cash flow.
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