Investing.com - Telefonica (MC:TEF) reported on Thursday third quarter earnings that matched analysts' forecasts and revenue that topped expectations.
Telefonica announced earnings per share of €0.12 on revenue of €9.3B. Analysts polled by Investing.com anticipated EPS of €0.12 on revenue of €8.91B.
Telefonica shares are up 42% from the beginning of the year and are trading at €3.6720 , down-from-52-week-high.They are outperforming the Euro Stoxx 50 which is up 21.88% from the start of the year.
Telefonica shares lost 2.13% in intra-day trade the report.
Telefonica follows other major Communication Services sector earnings this month
Telefonica's report follows an earnings missed by Cellnex Telecom on October 28, who reported EPS of €-0.12 on revenue of €699M, compared to forecasts EPS of €-0.0489 on revenue of €697.28M.
Mediaset had beat expectations on October 27 with third quarter EPS of €0.16 on revenue of €180.3M (NYSE:MMM), compared to forecast for EPS of €0.14 on revenue of €177.4M.
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