Turk Telekom profit rises but short of analysts' forecasts

Turk Telekomunikasyon AS said Wednesday its third-quarter net profit rose 77% on the year, partly on price increases in broadband, but fell short of analysts' forecasts.

Net profit notched 636.37 million Turkish lira ($353.6 million), below the TRY666.7 million forecast by analysts polled by Dow Jones Newswires, but outstripping the TRY359.5