Telefonica Q3 Earnings Surpass Estimates, Revenues Decline Y/Y
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Telefonica's Q3 2024 earnings exceeded estimates despite a year-over-year revenue decline, influenced by forex headwinds. The company's Telefonica Tech and Telefonica Infra units showed strength.
November 08, 2024 | 6:00 pm
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NEUTRAL IMPACT
Telefonica's Q3 2024 earnings surpassed expectations, but revenues declined year-over-year due to forex headwinds. The company's Tech and Infra units performed well.
Telefonica's earnings beat expectations, which is positive, but the revenue decline due to forex headwinds is a concern. The strong performance of Tech and Infra units is a positive sign, balancing the overall impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100