Cellcom Israel Ltd. Earnings: Here’s Why Shares are Up Now

Cellcom Israel Ltd. (NYSE:CEL) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 1.19%.

Cellcom Israel Ltd. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 52% to $1.14 in the quarter versus EPS of $0.75 in the year-earlier quarter.

Revenue: Rose 241.44% to $1.41 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Cellcom Israel Ltd. reported adjusted EPS income of $1.14 per share. By that measure, the company beat the mean analyst estimate of $0.96. It missed the average revenue estimate of $1.41 billion.

Quoting Management: Commenting on the results, Nir Sztern, the Company’s Chief Executive Officer, said: “2012 was a year of extensive activity for the Cellcom Group. In that year we completed the merger process with Netvision, dealt with the increased competition and adjusted the Group to the new market conditions. These activities will constitute a key layer for the continued success of the Group in the coming years.”

Key Stats (on next page)…