BUENOS AIRES, Argentina (AP) _ Telecom Argentina SA (TEO) on Tuesday reported first-quarter net income of $98.8 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Buenos Aires, Argentina-based company said it had net income of 23 cents.
The telecommunications company posted revenue of $932.8 million in the period.
Telecom Argentina shares have dropped 11% since the beginning of the year. The stock has declined 38% in the last 12 months.
The Associated Press