Investing.com - Telefonica (NYSE:TEF) ADR reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Telefonica ADR announced earnings per share of €0.1062 on revenue of €11.76B. Analysts polled by Investing.com anticipated EPS of €0.1421 on revenue of €11.26B.
Telefonica ADR shares are up 14.07% from the beginning of the year, still down 12.86% from its 52 week high of €5.17 set on May 19. They are outperforming the EUR/USD which is down 0% from the start of the year.
Telefonica ADR shares lost 0.55% in intra-day trade following the report.
Telefonica ADR follows other major Communication Services sector earnings this month
Telefonica ADR's report follows an earnings beat by Alphabet C on Tuesday, who reported EPS of €27.26 on revenue of €61.88B, compared to forecasts EPS of €19.33 on revenue of €56.19B.
Facebook had beat expectations on Wednesday with second quarter EPS of €3.61 on revenue of €28.1B, compared to forecast for EPS of €3.04 on revenue of €27.85B.
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