Spanish telecom giant Telefonica S.A. (NYSE:TEF) reported adjusted earnings of 38 cents per ADS (€0.29 per share) in the first quarter of 2012 that missed the Zacks Consensus Estimate of 43 cents. Earnings per share dropped 25.7% from the year-ago quarter.
Adjusted net income decreased 26.6% year over year to €1.28 billion ($1.68 billion).
Consolidated revenue inched up 0.5% year over year to €15.51 billion ($20.33 billion) in the reported quarter beating the Zacks Consensus Estimate of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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