Investing.com - Telecom Italia (MI:TLIT) reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Telecom Italia announced earnings per share of €0.02 on revenue of €3.90B. Analysts polled by Investing.com anticipated EPS of €0.01 on revenue of €3.86B.
Telecom Italia shares are down 39% from the beginning of the year and are trading at €0.3350 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 7.56% year to date.
Telecom Italia follows other major Services sector earnings this month
Telecom Italia's report follows an earnings matched by Inwit on Friday, who reported EPS of €0.05 on revenue of €186.1M, compared to forecasts EPS of €0.05 on revenue of €186.51M.
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