Philippine Long Distance Company (ticker TEL) collapses 16% After Press Release (yesterday Manila time; 2/29/2016)

Highlights (COL Financial):
-TEL disclosed 2015 core earnings at Php35.2Bil, 5.9% lower than 2014.

-Further, TEL expects core earnings to drop 20% to Php28Bil this year (2016).

References
https://ph6.colfinancial.com/…/DOWN…/2016-02-29-PH-A-TEL.pdf

http://www.sec.gov/…/…/78150/000130901416000944/exhibit1.htm

Some pictures can be seen here (https://www.facebook.com/groups/SeekingValue/)

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