Telefonica Q1 2024 Adj EPS €0.10 Beats €0.09 Estimate, Sales €10.140B Versus €10.05B YoY
Portfolio Pulse from Benzinga Newsdesk
Telefonica reported its Q1 2024 adjusted earnings per share (EPS) at €0.10, surpassing the estimated €0.09. The company's sales reached €10.140 billion, showing an improvement from €10.05 billion year-over-year.
May 09, 2024 | 8:17 am
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Telefonica's Q1 2024 earnings exceeded expectations with an adjusted EPS of €0.10 against estimates of €0.09, and sales increased to €10.140 billion from €10.05 billion YoY.
Beating both EPS and sales estimates typically generates positive investor sentiment, likely leading to a short-term increase in stock price. The reported growth in sales year-over-year further solidifies the company's growth trajectory, enhancing investor confidence in Telefonica's financial health and future prospects.
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