Investing.com - Telecom Italia (MI:TLIT) reported on Tuesday second quarter earnings that matched analysts' forecasts and revenue that was inline with expectations.
Telecom Italia announced earnings per share of €0.01 on revenue of €3.81B. Analysts polled by Investing.com anticipated EPS of €0.01 on revenue of €3.81B.
Telecom Italia shares are down 30% from the beginning of the year and are trading at €0.3872 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 12.16% year to date.
Telecom Italia follows other major Services sector earnings this month
Telecom Italia's report follows an earnings missed by Inwit on Friday, who reported EPS of €0.06 on revenue of €184M, compared to forecasts EPS of €0.07 on revenue of €189.98M.
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