Wednesday, February 07, 2007

AMX has good earnings release

REVENUE
FY (12/06) FY (12/05)
1st Qtr 4,636.2 3,668.7
2nd Qtr 5,116.9 4,023.1
3rd Qtr 5,303.2 4,321.2
4th Qtr est $5.8B 16,662.4
4th Qtr Act $5.9B

EARNINGS
FY (12/06) FY (12/05)
1st Qtr$0.03 $0.01
2nd Qtr$0.03 $0.02
3rd Qtr$0.03 $0.01
4th Qtr est $0.53 $0.08
4th Qtr Act $0.53

The key to understanding AMX is that Q4 FY05 included a one time 8.5B peso earnings event (tax related). Subtract that and Sales grew 20% and earnings grew 68%.

They added 11M more subscribers, 2.1M from buying Verizon Wireless' Dominican franchise
Margins grew from 17% to 26%.
They just beat sales and missed earnings by 300M Pesos.

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