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 €0.07 on revenue of €9.67B. Analysts polled by Investing.com anticipated EPS of €-0.0858 on revenue of €9.29B.
Telefonica shares are up 9% from the beginning of the year, still down 5.18% from its 52 week high of €4.45 set on February 11. They are outperforming the IBEX 35 which is down 6.98% from the start of the year.
Telefonica shares lost 0.61% in intra-day trade following the report.
Telefonica follows other major Communication Services sector earnings this month
Telefonica's report follows an earnings matched by Lleidanetworks Serveis Telematics on Monday, who reported EPS of €0.06 on revenue of €5.5M, compared to forecasts EPS of €0.06 on revenue of €5.5M.
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