Investing.com - Telefonica (MC:TEF) reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that was inline with expectations.
Telefonica announced earnings per share of €0.06 on revenue of €11.37B. Analysts polled by Investing.com anticipated EPS of €0.24 on revenue of €11.37B. That with comparison to EPS of €0.16 on revenue of €11.98B in the same period a year before.Telefonica had reported EPS of €0.18 on revenue of €12.4B in the previous quarter.Analysts are expecting EPS of €0.16 and revenue of €11.2B in the upcoming quarter.
Telefonica shares are down 31% from the beginning of the year and are trading at €4.239 , down-from-52-week-high.They are under-performing the Euro Stoxx 50 which is down 18.56% year to date.
Telefonica shares gained 1.97% in intra-day trade the report.
Telefonica follows other major Services sector earnings this month
Telefonica's report follows an earnings beat by Inmobiliaria Colonial on Wednesday, May 13, 2020, who reported EPS of €0.07 on revenue of €86M, compared to forecasts EPS of €0.06 on revenue of €86.43M.
Merlin Properties SA had matched expectations on Thursday, May 14, 2020 with first quarter EPS of €0.14 on revenue of €130.4M, compared to forecast for EPS of €0.14 on revenue of €126.36M.
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