Telefonica Brasil Q1 EPS $0.11, Inline, Sales $2.74B Beat $2.57B Estimate
Portfolio Pulse from Benzinga Newsdesk
Telefonica Brasil (NYSE:VIV) reported Q1 earnings per share of $0.11, meeting analyst estimates, and a 14.58% increase from last year. Sales reached $2.74B, exceeding the $2.57B estimate, marking an 11.81% increase from the previous year.
May 08, 2024 | 7:00 am
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POSITIVE IMPACT
Telefonica Brasil reported a solid Q1 with earnings per share of $0.11, in line with estimates, and a significant sales beat at $2.74B against the $2.57B estimate.
The positive earnings report, with both earnings per share meeting expectations and sales exceeding estimates, suggests a strong financial performance by Telefonica Brasil. This is likely to instill confidence in investors, potentially leading to a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100