BT says on track after reporting 3% rise in Q1 earnings

FILE PHOTO: Company logo at British Telecom (BT) headquarters in London, Britain, November 15, 2019. REUTERS/Simon Dawson

LONDON (Reuters) - Britain's BT reported a better-than-expected 3% rise in adjusted first-quarter earnings on Thursday, which it said reflected improved trading across most of its business and underpinned its confidence it was on the path to growth.

The company, which aims to build fibre connections to 25 million homes by the end of 2026, reported adjusted core earnings of 1.87 billion pounds ($2.61 billion) on revenue of 5.07 billion pounds, down 3% and short of market expectations, for the three months to end-June.