Deutsche Telekom raises outlook as Q2 earnings beat expectations

BERLIN: Deutsche Telekom raised its profit outlook for the second time this year and posted second-quarter revenue and earnings on Thursday that beat analyst expectations, even as a weaker dollar weighed on its reported numbers.

The Bonn-based telecoms group, whose operations span the United States, Europe and its German home market, now expects adjusted core profit to reach 37.2 billion euros ($43.7 billion)this year, up by 200 million euros from its previous view.