America Movil Posts Impressive 2Q Earnings

The largest telecom carrier in Latin America and also a Mexican company, America Movil, has reported second quarter earnings per ADR of $1.04, much higher than most analysts predicted. Total costs and expenses in the reported quarter were up 12.0% year over year at around MXN$97.7 billion ($8.3 billion).

According to analysis, America Movil continues to dominate the Mexican wireless market by expanding data and Pay TV services. Click here for a more in depth analysis of the increases in America Movil's 2Q earnings.