Investing.com - Telefonica Brasil (NYSE:VIV) ADR reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Telefonica (NYSE:TEF) Brasil ADR announced earnings per share of 0.1342 on revenue of 1.98B. Analysts polled by Investing.com anticipated EPS of 0.1437 on revenue of 2.12B.
Telefonica Brasil ADR shares are down 10.28% from the beginning of the year, still down 15.80% from its 52 week high of 9.43 set on December 14, 2020. They are under-performing the EUR/USD which is down 0% from the start of the year.
Telefonica Brasil ADR follows other major Services sector earnings this month
Telefonica Brasil ADR's report follows an earnings beat by Visa A on Tuesday, who reported EPS of 1.62 on revenue of 6.56B, compared to forecasts EPS of 1.55 on revenue of 6.52B.
Netflix had beat expectations on October 19 with third quarter EPS of 3.19 on revenue of 7.48B, compared to forecast for EPS of 2.57 on revenue of 7.48B.
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