Investing.com - Telefonica (MC:TEF) reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Telefonica announced earnings per share of €0.09 on revenue of €10.34B. Analysts polled by Investing.com anticipated EPS of €0.11 on revenue of €10.7B.
Telefonica shares are down 21% from the beginning of the year and are trading at €3.709 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 13.54% from the start of the year.
Telefonica follows other major Services sector earnings this month
Telefonica's report follows an earnings beat by Inmobiliaria Colonial on Tuesday, who reported EPS of €0.09 on revenue of €91.2M, compared to forecasts EPS of €0.07 on revenue of €79.03M.
Masmovil Ibercom had missed expectations on Tuesday with second quarter EPS of €-0.17 on revenue of €452M, compared to forecast for EPS of €0.35 on revenue of €393.33M.
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