Investing.com - Telefonica (BME:TEF) reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Telefonica announced earnings per share of €0.11 on revenue of €9.41B. Analysts polled by Investing.com anticipated EPS of €0.12 on revenue of €9.12B.
Telefonica shares are up 25% from the beginning of the year and are trading at €4.8165 , down-from-52-week-high.They are outperforming the S&P Global 100 which is down 14.71% from the start of the year.
Telefonica shares gained 3.42% 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 April 27, who reported EPS of €-0.14 on revenue of €828M, compared to forecasts EPS of €-0.08 on revenue of €830.33M.
Atresmedia had matched expectations on April 28 with first quarter EPS of €0.1309 on revenue of €208.95M, compared to forecast for EPS of €0.1309 on revenue of €209M.
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