Investing.com - Telefonica (NYSE:TEF) reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Telefonica announced earnings per share of €0.18 on revenue of €10.91B. Analysts polled by Investing.com anticipated EPS of €0.1609 on revenue of €10.77B.
Telefonica shares are up 12% from the beginning of the year, still down 37.05% from its 52 week high of €5.80 set on February 25, 2020. They are outperforming the IBEX 35 which is up 3.37% from the start of the year.
Telefonica shares gained 0.27% in intra-day trade following the report.
Telefonica follows other major Services sector earnings this month
Telefonica's report follows an earnings beat by Oryzon Genomics on Tuesday, who reported EPS of €-0.0247 on revenue of €0.00, compared to forecasts EPS of €-0.0492 on revenue of €0.00.
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