Vodafone holds guidance after strong Q3

(Sharecast News) - Telecoms operator Vodafone said it expected full year earnings to be at the upper end of forecasts after a strong third quarter, supported by top line growth in Germany and Turkey. The company on Thursday said revenue in the period increased by 6.5% to €10.5bn. Service revenue grew by 7.3% to €8.5bn as higher turnover from the consolidation of Three UK and Telekom Romania assets were partially offset by foreign exchange movements.

Group adjusted core earnings rose 2.3% on an organic basis to €2.8bn.

Vodafone expects earnings of €11.3 - 11.6bn and adjusted free cash flow of €2.4-2.6bn.

Reporting by Frank Prenesti for Sharecast.com