We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Name | Symbol | Market | Type |
---|---|---|---|
Telefonica SA | NYSE:TEF | NYSE | Depository Receipt |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.01 | 0.22% | 4.53 | 107 | 11:08:47 |
By Mauro Orru
Telefonica SA backed its financial targets and dividend for the year after it reported higher third-quarter revenue on improving handset sales as well as a boost from foreign exchange moves.
The Spanish telecommunication company said Friday that revenue for the July-through-September period climbed to 10.34 billion euros ($10.08 billion) from EUR9.30 billion last year.
Operating income before depreciation and amortization--a key profitability metric for Telefonica--fell to EUR3.25 billion from EUR3.73 billion.
Net profit slipped to EUR460 million from EUR706 million last year.
"Results allow us to confirm our full year-guidance, narrowed to the mid to upper end of the low-single-digit range at H1 22 results, and our dividend commitment for 2022, despite a very challenging macro backdrop," Telefonica Chief Executive Jose Maria Alvarez-Pallete said in a statement announcing the results.
For 2022, Telefonica targets the high end of the low single-digit growth range for revenue, and the mid-to-high-end of low single-digit growth for Oibda.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
November 04, 2022 03:00 ET (07:00 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
1 Year Telefonica Chart |
1 Month Telefonica Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions