Investing.com - Telefonica (MC:TEF) ADR reported on Thursday second quarter earnings that matched analysts' forecasts and revenue that fell short of expectations.
Telefonica ADR announced earnings per share of €0.12 on revenue of €10.34B. Analysts polled by Investing.com anticipated EPS of €0.12 on revenue of €12.21B.
Telefonica ADR shares are down 30.89% from the beginning of the year and are trading at €4.50 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
Telefonica ADR follows other major Services sector earnings this month
Telefonica ADR's report follows an earnings beat by Visa A on Tuesday, who reported EPS of €1.06 on revenue of €4.84B, compared to forecasts EPS of €1.03 on revenue of €4.82B.
Verizon had beat expectations on July 24 with second quarter EPS of €1.18 on revenue of €30.45B, compared to forecast for EPS of €1.15 on revenue of €29.92B.
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