Idea shares fall after Q3 earnings disappoint

Reuters Market Eye - Shares in Idea Cellular Ltd shares fall as much as 2.6 percent after the mobile phone carrier posted weaker-than-expected October-December net profit.

Morgan Stanley says it could lower EBITDA estimates for Idea in fiscal 2013 by around 4 percent.

The investment bank adds Bharti Airtel Ltd could also miss EBITDA estimates for the October-December quarter.

Shares in Idea Cellular were down 1.32 percent at 1:49 p.m., while Bharti Airtel shares fell 1.6 percent.

(Reporting by Manoj Dharra)

Source: http://news.yahoo.com/idea-shares-fall-q3-earnings-disappoint-053752225--finance.html

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