Telefonica SA TEF posted a rise in its fourth-quarter net profit.
Telefonica's quarterly net profit surged to 2.67 billion euros ($3.57 billion), from a profit of €1.3 billion, in the year-earlier period. Its revenue dropped 1.8% to €16.17 billion, from €16.46 billion. However, analysts were expecting a net profit of €1.68 billion on revenue of €15.99 billion.
Telefonica shares closed at $17.16 yesterday.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in