Telefonica Brasil's quarterly profit increased by 7%, but fell short of expectations.

From Investing.com: 2024-05-07 18:26:44

Telefonica Brasil’s first-quarter net profit increased by 7.3%, reaching 896 million reais, falling short of analysts’ 1.03 billion real net profit expectations. The firm’s net operational revenue rose by 6.5% to 13.5 billion reais, attributed to a 9.3% growth in its main mobile services business. EBITDA increased by 6.8% to 5.28 billion reais, with a margin increase of 0.1 percentage point to 39%.



Read more at Investing.com: Brazil’s Telefonica quarterly profit rises 7%, but misses forecasts By Reuters