Dutch KPN to buy back shares as quarterly earnings beat estimates

FILE PHOTO: KPN logo is seen at its headquarters in Rotterdam, Netherlands, January 30, 2019. REUTERS/Piroschka van de Wouw

(Reuters) - Dutch telecom KPN said on Tuesday it intends to buy back shares worth 200 million euros ($235 million) as it posted second-quarter earnings above estimates and maintained guidance.

KPN reported second quarter adjusted earnings before interest, taxes, depreciation and amortisation after leases (EBITDA AL) of 589 million euros ($695 million), exceeding the 584 million expected in a company compiled poll.