Investing.com - Telefonica (NYSE:TEF) reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Telefonica announced earnings per share of €-0.03 on revenue of €10.46B. Analysts polled by Investing.com anticipated EPS of €0.11 on revenue of €10.37B.
Telefonica shares are down 52% from the beginning of the year, still down 58.64% from its 52 week high of €6.80 set on November 8, 2019. They are under-performing the CAC 40 which is down 23.56% from the start of the year.
Telefonica follows other major Services sector earnings this month
Telefonica's report follows an earnings missed by Euskaltel SA on Tuesday, who reported EPS of €0.09 on revenue of €174.2M, compared to forecasts EPS of €0.14 on revenue of €175.13M.
Mediaset had beat expectations on Wednesday with third quarter EPS of €0.11 on revenue of €171.5M, compared to forecast for EPS of €0.08 on revenue of €170.47M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar