Investing.com - Telefonica (MC:TEF) ADR reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Telefonica ADR announced earnings per share of €0.139 on revenue of €10.77B. Analysts polled by Investing.com anticipated EPS of €0.1389 on revenue of €10.34B.
Telefonica ADR shares are up 42% from the beginning of the year and are trading at €4.240 , down-from-52-week-high.They are outperforming the Euro Stoxx 50 which is up 21.88% from the start of the year.
Telefonica ADR shares lost 3.64% in pre-market trade following the report.
Telefonica ADR follows other major Services sector earnings this month
Telefonica ADR's report follows an earnings missed by Amazon.com on Thursday, October 28, 2021, who reported EPS of €6.12 on revenue of €110.81B, compared to forecasts EPS of €8.9 on revenue of €111.55B.
Visa A had beat expectations on Tuesday, October 26, 2021 with fourth quarter EPS of €1.62 on revenue of €6.56B, compared to forecast for EPS of €1.55 on revenue of €6.52B.
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