Investing.com - Telefonica (BME:TEF) Brasil ADR reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Telefonica Brasil ADR announced earnings per share of 0.1371 on revenue of 2.21B. Analysts polled by Investing.com anticipated EPS of 0.1364 on revenue of 2.23B.
Telefonica Brasil ADR shares are up 0.46% from the beginning of the year and are trading at 8.690 , down-from-52-week-high.They are broadly in line with the EUR/USD which is down 0% from the start of the year.
Telefonica Brasil ADR follows other major Communication Services sector earnings this month
Telefonica Brasil ADR's report follows an earnings missed by Alphabet C on Tuesday, who reported EPS of 1.21 on revenue of 69.69B, compared to forecasts EPS of 1.28 on revenue of 70.04B.
Verizon had missed expectations on Friday with second quarter EPS of 1.31 on revenue of 33.79B, compared to forecast for EPS of 1.32 on revenue of 33.74B.
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