Investing.com - Telefonica (MC:TEF) ADR reported on Thursday third quarter earnings that matched analysts' forecasts and revenue that fell short of expectations.
Telefonica ADR announced earnings per share of €0.13 on revenue of €10.46B. Analysts polled by Investing.com anticipated EPS of €0.13 on revenue of €12.18B.
Telefonica ADR shares are up 8.28% from the beginning of the year and are trading at €3.49 , down-from-52-week-high.They are outperforming 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 Wednesday, who reported EPS of €1.12 on revenue of €5.1B, compared to forecasts EPS of €1.09 on revenue of €5B.
Verizon had beat expectations on October 21 with third quarter EPS of €1.25 on revenue of €31.5B, compared to forecast for EPS of €1.22 on revenue of €31.59B.
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