Mobile Telesystems OJSC (NYSE: MBT ) reported earnings on Aug. 29. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Mobile Telesystems OJSC beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue was unchanged and GAAP earnings per share dropped to a loss.
Gross margins grew, operating margins expanded, net margins shrank.
Mobile Telesystems OJSC tallied revenue of $3.12 billion. The eight analysts polled by S&P Capital IQ predicted revenue of $3.08 billion on the same basis. GAAP reported sales were 0.2% lower than the prior-year quarter's $3.13 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.40. The one earnings estimate compiled by S&P Capital IQ predicted $0.35 per share. GAAP EPS were -$0.69 for Q2 compared to $0.37 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 72.1%, 40 basis points better than the prior-year quarter. Operating margin was 25.5%, 400 basis points better than the prior-year quarter. Net margin was -21.8%, 3,350 basis points worse than the prior-year quarter.
On the bottom line, the average EPS estimate is $0.50.
Next year's average estimate for revenue is $12.65 billion. The average EPS estimate is $0.81.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Mobile Telesystems OJSC is outperform, with an average price target of $22.46.
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