Mexico's America Movil posts 9% rise in Q2 profit
21/07/2026 22:46
Mexico's America Movil posts 9% rise in Q2 profit MEXICO CITY, July 21 (Reuters) - Mexican telecoms giant America Movil AMXB.MX on Tuesday posted a 9.2% rise in profit for the second quarter, beating analysts' forecasts.
America Movil, controlled by the family of Mexican billionaire Carlos Slim, reported a net profit of 24.33 billion pesos ($1.39 billion) from revenues that rose 3.1% from a year earlier to 241 billion pesos ($13.77 billion).
Analysts polled by LSEG had predicted America Movil would post a dollar-denominated net profit of $1.54 billion from revenues of $13.73 billion.
($1 = 17.4986 pesos at end-June)
(Reporting by Iñigo Alexander, Editing by Natalia Siniawski)
Recent news on America Movil SAB de CV
See all newsEmerging Markets: Mexican stocks hit near 5-month high while peso sinks to 11-month low
Emerging Markets: Mexican peso hits 11-month low; investors focus on Brazil polls
Mexico's America Movil says mobile growth boosts earnings; misses estimates (updated)
Mexico's America Movil reports third-quarter net profit up 7%
Televisa’s AT&T Mexico deal boosts its challenge to America Movil (updated)