Telefonica Q4 Net Profit Down 82%
Telefonica SA (NYSE: TEF) reported an 82% drop in its Q4 net profit.
Telefonica's quarterly net profit declined to 473 million euros ($618.8 million), versus EUR2.67 billion, in the year-ago period.
In Spain, Q4 revenue dropped 14%, while revenue in the whole of Europe fell 6.7%. In Latin America, revenue climbed 4.2%.
Telefonica shares closed at $12.88 yesterday.
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