Investing.com - Telecom Italia (MI:TLIT) reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Telecom Italia announced earnings per share of €0.0167 on revenue of €3.82B. Analysts polled by Investing.com anticipated EPS of €0.02 on revenue of €3.9B.
Telecom Italia shares are down 14% from the beginning of the year and are trading at €0.3230 , down-from-52-week-high.They are under-performing the STOXX 600 which is up 18.89% from the start of the year.
Telecom Italia follows other major Services sector earnings this month
Telecom Italia's report follows an earnings missed by Telecom Italia RSP on Wednesday, who reported EPS of €0.0134 on revenue of €3.82B, compared to forecasts EPS of €0.016 on revenue of €3.9B.
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