March 22, 2018 / 8:29 AM / in a month

Shares in United Internet down 9 percent after results

FRANKFURT (Reuters) - Shares in Germany’s United Internet fell by 9 percent on Thursday after the company announced core earnings for last year that were on the lower side of its guidance range.

Subsidiary 1&1 Drillisch was down 7 percent in the early going even though it, like United Internet, posted double-digit growth in revenues and earnings before interest, taxation, depreciation and amortization (EBITDA).

Reporting by Douglas Busvine; Editing by Tom Sims

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