Investing.com - Telefonica (NYSE:TEF) ADR reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Telefonica ADR announced earnings per share of €0.0793 on revenue of €10.96B. Analysts polled by Investing.com anticipated EPS of €-0.0975 on revenue of €10.6B.
Telefonica ADR shares are up 9.22% from the beginning of the year, still down 10.43% from its 52 week high of €5.17 set on May 19, 2021. They are outperforming the EUR/USD which is down 0% from the start of the year.
Telefonica ADR shares lost 2.10% 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 February 1, who reported EPS of €30.69 on revenue of €75.33B, compared to forecasts EPS of €27.8 on revenue of €72.27B.
Meta Platforms had missed expectations on February 2 with fourth quarter EPS of €3.67 on revenue of €33.67B, compared to forecast for EPS of €3.84 on revenue of €33.37B.
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