Investing.com - Telefonica (BME:TEF) ADR reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Telefonica ADR announced earnings per share of €0.12 on revenue of €9.41B. Analysts polled by Investing.com anticipated EPS of €0.1326 on revenue of €9.75B.
Telefonica ADR shares are up 12.74% from the beginning of the year and are trading at €4.780 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
Telefonica ADR follows other major Communication Services sector earnings this month
Telefonica ADR's report follows an earnings missed by Alphabet C on Tuesday, April 26, 2022, who reported EPS of €24.62 on revenue of €68.01B, compared to forecasts EPS of €25.59 on revenue of €68.06B.
Meta Platforms had beat expectations on Wednesday, April 27, 2022 with first quarter EPS of €2.72 on revenue of €27.91B, compared to forecast for EPS of €2.56 on revenue of €28.28B.
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