Investing.com - Telefonica (MC:TEF) Brasil ADR reported on Wednesday third quarter earnings that matched analysts' forecasts and revenue that fell short of expectations.
Telefonica Brasil ADR announced earnings per share of 0.14 on revenue of 1.91B. Analysts polled by Investing.com anticipated EPS of 0.14 on revenue of 1.95B.
Telefonica Brasil ADR shares are down 9% from the beginning of the year and are trading at 7.59 , down-from-52-week-high.They are under-performing the Nikkei 225 which is down 1.01% from the start of the year.
Telefonica Brasil ADR follows other major Services sector earnings this month
Telefonica Brasil ADR's report follows an earnings beat by Verizon on October 21, who reported EPS of 1.25 on revenue of 31.5B, compared to forecasts EPS of 1.22 on revenue of 31.59B.
Netflix had missed expectations on October 20 with third quarter EPS of 1.74 on revenue of 6.44B, compared to forecast for EPS of 2.13 on revenue of 6.39B.
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