Business

Telefonica Stock Rises After Adjusted Earnings, Revenue Beat Expectations

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Shares in Telefonica TEF -2.43%decrease; red down pointing triangle rose after the company reported revenue and adjusted earnings that exceeded expectations for the first-quarter as the group continues to deliver on its transformation plan.

In early morning trading, shares were up 5.1% at 4.01 euros. Year to date, shares have risen slightly above 14%.

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