Investing.com - Telefonica Brasil (NYSE:VIV) ADR reported on Wednesday second quarter earnings that matched analysts' forecasts and revenue that topped expectations.
Telefonica (NYSE:TEF) Brasil ADR announced earnings per share of 0.13 on revenue of 2B. Analysts polled by Investing.com anticipated EPS of 0.13 on revenue of 1.92B.
Telefonica Brasil ADR shares are down 66.26% from the beginning of the year , still down 33.99% from its 52 week high of 14.68 set on January 23. 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 1.06 on revenue of 4.84B, compared to forecasts EPS of 1.03 on revenue of 4.82B.
Verizon had beat expectations on July 24 with second quarter EPS of 1.18 on revenue of 30.45B, compared to forecast for EPS of 1.15 on revenue of 29.92B.
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