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Idea shares fall after Q3 earnings disappoint

Source : REUTERS
Last Updated: Wed, Jan 30, 2013 08:30 hrs
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Shares in Idea Cellular Ltd shares fall as much as 2.6 percent after the mobile phone carrier posted weaker-than-expected October-December net profit.

Morgan Stanley says it could lower EBITDA estimates for Idea in fiscal 2013 by around 4 percent.

The investment bank adds Bharti Airtel Ltd could also miss EBITDA estimates for the October-December quarter.

Shares in Idea Cellular were down 1.32 percent at 1:49 p.m., while Bharti Airtel shares fell 1.6 percent.


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