Investing.com - Telefonica Brasil (NYSE:VIV) ADR reported on Tuesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Telefonica (NYSE:TEF) Brasil ADR announced earnings per share of 0.1637 on revenue of 2.2B. Analysts polled by Investing.com anticipated EPS of 0.1682 on revenue of 2.34B.
Telefonica Brasil ADR shares are down 6.47% from the beginning of the year, still down 15.87% from its 52 week high of 11.78 set on April 5. They are under-performing the EUR/USD which is down 0% from the start of the year.
Telefonica Brasil ADR follows other major Communication Services sector earnings this month
Telefonica Brasil ADR's report follows an earnings missed by Alphabet C on April 26, who reported EPS of 24.62 on revenue of 68.01B, compared to forecasts EPS of 25.59 on revenue of 68.06B.
Meta Platforms had beat expectations on April 27 with first quarter EPS of 2.72 on revenue of 27.91B, compared to forecast for EPS of 2.56 on revenue of 28.28B.
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