UPDATE 1-Spain's Telefonica expects 2 pct revenue and profit growth in 2019 [Reuters]
Telefonica SA (TEF)
Last telefonica sa earnings: 2/23 04:01 pm
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Source: Reuters
UPDATE 1-Spain's Telefonica expects 2 pct revenue and profit growth in 2019 (Adds details) MADRID, Feb 21 (Reuters) - Spanish telecoms group Telefonica expects 2 percent organic growth in revenue and core profit this year after underlying revenue rose in the fourth quarter. Plunging currencies in Brazil, where Telefonica makes about a quarter of its core profit, and other Latin American countries that account for a further 20 percent, have dragged on earnings in recent quarters. Core profit came in at 3.54 billion euros ($4 billion) in the fourth quarter, down 9.6 percent, which the company attributed partly to currency effects and the impact of restructuring and other one-off costs. However, improving margins at its British and Brazilian operations contributed to a 2.4 percent rise in operating income before depreciation and amortisation in the quarter once currency effects were stripped out. Quarterly revenue rose 3 percent organically year on year to 12.92 billion euros, though cur
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TEF
Earnings
- 2/23/24 - Beat
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Sec Filings
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- 4/22/24 - Form SC
- 4/12/24 - Form SC
- TEF's page on the SEC website