Norway’s Telenor’s Q2 earnings were better than expected, and the company reaffirmed its outlook.

Oslo (Reuters) – Telenor, a Norwegian telecommunications company, said Tuesday that its earnings for the second quarter were a little bit higher than expected, and it reaffirmed its outlook.

Adjusted earnings before interest, tax, depreciation, and amortisation (EBITDA) for April-June rose 1.2% year-over-year to 12.5 billion crowns ($1.24 billion), while analysts polled by the company expected an average of 12 billion.