Mobile Telesystems OJSC
The 10-second takeaway
For the quarter ended March 31 (Q1), Mobile Telesystems OJSC beat slightly on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue improved slightly and GAAP earnings per share grew significantly.
Margins grew across the board.
Mobile Telesystems OJSC chalked up revenue of $3.01 billion. The six analysts polled by S&P Capital IQ expected a top line of $2.98 billion on the same basis. GAAP reported sales were 2.7% higher than the prior-year quarter's $2.93 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 $0.52. The two earnings estimates compiled by S&P Capital IQ averaged $0.30 per share. GAAP EPS of $0.51 for Q1 were 50% higher than the prior-year quarter's $0.34 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 71.7%, 80 basis points better than the prior-year quarter. Operating margin was 21.6%, 210 basis points better than the prior-year quarter. Net margin was 17.0%, 600 basis points better than the prior-year quarter.
On the bottom line, the average EPS estimate is $0.38.
Next year's average estimate for revenue is $12.95 billion. The average EPS estimate is $1.59.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.