Investing.com - Telecom Italia (MI:TLIT) reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Telecom Italia announced earnings per share of €0.0056 on revenue of €4.12B. Analysts polled by Investing.com anticipated EPS of €0.0109 on revenue of €4.04B.
Telecom Italia shares are down 33% from the beginning of the year and are trading at €0.2877 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 9.05% from the start of the year.
Telecom Italia follows other major Communication Services sector earnings this month
Telecom Italia's report follows an earnings beat by Inwit on Friday, February 25, 2022, who reported EPS of €0.0639 on revenue of €203.9M, compared to forecasts EPS of €0.0508 on revenue of €204.64M.
Telecom Italia RSP had missed expectations on Wednesday with first quarter EPS of €0.0045 on revenue of €4.12B, compared to forecast for EPS of €0.0087 on revenue of €4.04B.
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