Brazil's Telefonica posts 13% increase in third-quarter net profit [Yahoo! Finance]
Telefonica Brasil S.A. American Depositary Shares (Each representing One Common Share) (VIV)
US:NYSE Investor Relations:
telefonica.com.br/ir
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Source: Yahoo! Finance
Telefonica Brasil reported a net profit of 1.67 billion reais ($290.4 million), versus analysts' expectations of a 1.57 billion real profit. WHY IT'S IMPORTANT The firm, which is controlled by Spain's Telefonica, is the largest mobile-phone service provider in Brazil by total phone lines, according to data from local telecom regulator Anatel. BY THE NUMBERS Net operational revenue increased some 7% in the quarter to 14 billion reais, with revenues from its primary mobile unit rising nearly 9% on growth in postpaid services. Earnings before interest, taxes, depreciation and amortization (EBITDA) stood at 5.95 billion reais, up 7.4% year-on-year. KEY QUOTES The "strong performance" of Telefonica's postpaid business comes from an increase in clients - both due to new customers and migrating existing customers over from prepaid services - as well as annual price hikes, Telefonica Brasil said in the earnings report. ($1 = 5.7514 reais) (Reporting by Andre Romani in Sao P
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News
- Telefônica Brasil S.A. (NYSE: VIV) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- Telefonica Brasil SA (VIV) Q3 2024 Earnings Call Highlights: Strong Revenue and Customer Growth ... [Yahoo! Finance]Yahoo! Finance
- Telefônica Brasil S.A. (NYSE: VIV) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- 3Q24 Results: Telefônica Brasil S.A.PR Newswire
- Telefônica Brasil S.A. (NYSE: VIV) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
VIV
Earnings
- 11/5/24 - Beat
VIV
Sec Filings
- 11/8/24 - Form 6-K
- 11/8/24 - Form 6-K
- 11/8/24 - Form 6-K
- VIV's page on the SEC website