AMSTERDAM, Oct 24 (Reuters) - KPN, the largest Dutch telecommunications company, on Wednesday reported lower third quarter core earnings, in line with expectations, as regulations and higher wage costs more than offset cost-cutting.
The company reported adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of 585 million euros ($671 million), down from 592 million euros in the same period a year ago. Analysts polled by the company had put EBITDA at 586 million euros.
Revenues of 1.40 billion euros were down 1.6 percent, in line with expectations. ($1 = 0.8722 euros) (Reporting by Toby Sterling; editing by Richard Pullin)