Telefonica 3Q Profit Jumped, Raises Revenue Guidance

Date : 10/31/2018 @ 7:27AM
Source : Dow Jones News
Stock : Telefonica Sa (TEF)
Quote : 7.98  0.0 (0.00%) @ 1:42PM

Telefonica 3Q Profit Jumped, Raises Revenue Guidance

Telefonica (NYSE:TEF)
Historical Stock Chart

1 Year : From May 2018 to May 2019

Click Here for more Telefonica Charts.

By Patrick Costello


Telefonica SA (TEF.MC) on Wednesday raised its 2018 revenue guidance on the back of a strong third quarter, in which net profit jumped due to factors including customer growth and a favorable court ruling in Brazil.

The Spanish telecommunications giant said net profit rose almost 36% year-on-year to 1.14 billion euros ($1.30 billion). Revenue in the quarter fell 8.3% to EUR11.70 billion, it said.

Analysts had forecast a profit of EUR744 million on revenue of EUR11.60 billion, according to a FactSet-compiled consensus.

Telefonica said operating income before depreciation and amortization fell 1.4% to EUR4.04 billion.

The company upgraded its 2018 guidance, raising revenue growth expectations to around 2% from 1% previously.

Telefonica said it reduced its net debt in the period by EUR957 million thanks partially to strong free cash flow generation and divestments including the sale of a 9.99% stake in Telxius for EUR379 million.


Write to Patrick Costello at


(END) Dow Jones Newswires

October 31, 2018 03:12 ET (07:12 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

Latest TEF Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....

No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts

Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.