Deutsche Telekom meets Q2 profit expectations, lifts guidance

Deutsche Telekom reported second quarter core profit in line with analyst expectations on Thursday, citing continued growth in both Germany and the U.S., and edged up its full-year profit guidance.

The Germany-based telecoms giant reported second quarter adjusted earnings before interest, taxes and amortization after leases (EBITDA AL) of 11 billion euros ($13 billion), compared with the 10.95 billion euros expected by analysts in a company provided poll.