Telefonica Brasil: Fourth Quarter Earnings Overview

Telefonica Brasil Reports Strong Fourth-Quarter Results

Telefonica Brasil SA, headquartered in Sao Paulo, Brazil, announced on Monday that it earned $347.5 million during the fourth quarter.

The company’s net income translated to 22 cents per share for the quarter.

These earnings surpassed analysts’ expectations, as a consensus of three experts polled by Zacks Investment Research had anticipated earnings of 17 cents per share.

During the same period, the telecommunications provider generated $2.89 billion in revenue.

For the full year, Telefonica Brasil recorded a profit of $1.1 billion, or 68 cents per share, with annual revenue reaching $10.67 billion.

This article was created by Automated Insights using financial data supplied by Zacks Investment Research.