Telefónica Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Telefónica (BME:TEF) Second Quarter 2024 Results

Key Financial Results

• Revenue: €10.3b (up 1.2% from 2Q 2023).
• Net income: €516.0m (down 2.3% from 2Q 2023).
• Profit margin: 5.0% (down from 5.2% in 2Q 2023). The decrease in margin was driven by higher expenses.
• EPS: €0.092 (down from €0.093 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Telefónica Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates by 20%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 2.0% growth forecast for the Telecom industry in Europe.

Performance of the market in Spain.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Telefónica (1 doesn't sit too well with us!) that you should be aware of.

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