Investing.com - Telefonica (NYSE:TEF) reported on Thursday third quarter earnings that matched analysts' forecasts and revenue that topped expectations.
Telefonica announced earnings per share of €0.12 on revenue of €9.3B. Analysts polled by Investing.com anticipated EPS of €0.12 on revenue of €8.91B.
Telefonica shares are up 42% from the beginning of the year, still down 15.04% from its 52 week high of €4.32 set on August 13. They are outperforming the Euro Stoxx 50 which is up 21.88% from the start of the year.
Telefonica shares lost 2.13% in intra-day trade following the report.
Telefonica follows other major Communication Services sector earnings this month
Telefonica's report follows an earnings missed by Cellnex Telecom on October 28, who reported EPS of €-0.12 on revenue of €699M, compared to forecasts EPS of €-0.0489 on revenue of €697.28M.
Mediaset had beat expectations on October 27 with third quarter EPS of €0.16 on revenue of €180.3M, compared to forecast for EPS of €0.14 on revenue of €177.4M.
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