U.S. Markets closed

MTS: 1Q Earnings Snapshot

MOSCOW (AP) _ Mobile TeleSystems OAO (MBT) on Thursday reported first-quarter net income of $266.8 million.

On a per-share basis, the Moscow-based company said it had profit of 30 cents. Earnings, adjusted to account for discontinued operations, came to 24 cents per share.

The telecommunications company posted revenue of $1.79 billion in the period.

MTS shares have climbed 11% since the beginning of the year. The stock has decreased 26% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MBT at https://www.zacks.com/ap/MBT