Investing.com - Telefonica (MC:TEF) ADR reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Telefonica ADR announced earnings per share of €0.1062 on revenue of €11.76B. Analysts polled by Investing.com anticipated EPS of €0.1421 on revenue of €11.26B.
Telefonica ADR shares are up 14.07% from the beginning of the year and are trading at €4.505 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
Telefonica ADR shares lost 0.55% in intra-day trade the report.
Telefonica ADR follows other major Communication Services sector earnings this month
Telefonica ADR's report follows an earnings beat by Alphabet C on Tuesday, who reported EPS of €27.26 on revenue of €61.88B, compared to forecasts EPS of €19.33 on revenue of €56.19B.
Alphabet A had beat expectations on Tuesday with second quarter EPS of €27.26 on revenue of €61.88B, compared to forecast for EPS of €19.24 on revenue of €56.19B.
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