Investing.com - Telefonica (MC:TEF) Brasil ADR reported on Tuesday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Telefonica Brasil ADR announced earnings per share of 0.11 on revenue of 2.09B. Analysts polled by Investing.com anticipated EPS of 0.1524 on revenue of 2.1B.
Telefonica Brasil ADR shares are up 11.73% from the beginning of the year and are trading at 8.40 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% 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 Amazon.com on February 2, who reported EPS of 14.09 on revenue of 125.56B, compared to forecasts EPS of 7.2 on revenue of 119.72B.
Alibaba ADR had beat expectations on February 2 with third quarter EPS of 22.03 on revenue of 221.08B, compared to forecast for EPS of 20.59 on revenue of 214.17B.
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