America Movil (AMX) Q4 Earnings Rise Y/Y, Revenues Decline

America Movil, S.A.B. de C.V. (AMX) reported net income per ADR of 33 cents for fourth-quarter 2023, which increased from 22 cents reported in the prior-year quarter.Net income in the quarter was Mex$18,062 million or Mex$0.29 per share compared with Mex$13,710 million or Mex$0.22 per share in the year-ago quarter.The company had a comprehensive financing cost of Mex$15,609 million, up 88% from the year-ago quarter’s comprehensive financing costs of Mex$8,301 million.RevenuesTotal quarterly revenues decreas ...