BellSouth Down 9% on Outlook of Slower Earnings Growth
BellSouth
(BLS)
fell 8.6% in preopen
Instinet
Scroll to Continue
TheStreet Recommends
trading after it said earnings per share would grow just 7%-9% next year due to the costs of entering the Colombian market and expenses related to its Internet access business.
The No. 3 local phone carrier also said it would cut back on equipment spending.
