Italy's TIM first-quarter core earnings drop on coronavirus hit

MILAN (Reuters) - Telecom Italia (TIM) on Monday reported a drop in first-quarter core earnings after cost cuts failed to fully offset a slump in domestic revenue caused by the coronavirus pandemic.Italy's biggest phone group said on Monday its organic earnings before interest, tax, depreciation and amortization (EBITDA) fell 7.5% in the January-March period from a year earlier to 1.8 billion euros.That was broadly in line with an analyst consensus provided by the company of 1.78 billion euros...