Investing.com - Telefonica (MC:TEF) reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Telefonica announced earnings per share of €0.07 on revenue of €9.67B. Analysts polled by Investing.com anticipated EPS of €-0.0858 on revenue of €9.29B.
Telefonica shares are down 2% from the beginning of the year and are trading at €4.2233 , down-from-52-week-high.They are outperforming the CAC 40 which is down 9.55% from the start of the year.
Telefonica shares lost 0.43% in intra-day trade the report.
Telefonica follows other major Communication Services sector earnings this month
Telefonica's report follows an earnings matched by Lleidanetworks Serveis Telematics on Monday, who reported EPS of €0.06 on revenue of €5.5M, compared to forecasts EPS of €0.06 on revenue of €5.5M.
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