Market Overview

Telefonica Swings To Q3 Loss

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Telefonica SA (NYSE: TEF) swung to a loss in the third quarter.

Telefonica posted a quarterly net loss of EUR429 million, versus a year-ago net profit of EUR5.1 billion. Its operating income before depreciation and amortization dropped 69% to EUR2.95 billion.

Telefonica's quarterly revenue climbed 3.7% to EUR15.79 billion.

Telefonica shares gained 1.98% to close at $19.02 yesterday.

Posted-In: EarningsEarnings News

 

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