Investing.com - Telefonica (NYSE:TEF) ADR reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Telefonica ADR announced earnings per share of €0.18 on revenue of €10.34B. Analysts polled by Investing.com anticipated EPS of €0.1568 on revenue of €12.32B.
Telefonica ADR shares are up 18.07% from the beginning of the year, still down 16.17% from its 52 week high of €5.69 set on June 8, 2020. They are outperforming the EUR/USD which is down 0% from the start of the year.
Telefonica ADR follows other major Services sector earnings this month
Telefonica ADR's report follows an earnings beat by Amazon.com on April 29, who reported EPS of €15.79 on revenue of €108.52B, compared to forecasts EPS of €9.54 on revenue of €104.51B.
Visa A had beat expectations on April 27 with second quarter EPS of €1.38 on revenue of €5.73B, compared to forecast for EPS of €1.27 on revenue of €5.56B.
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