Telefonica Brasil SA's stock plummeted 5.43% in pre-market trading on Wednesday, following the company's disappointing fourth quarter 2024 earnings results. The Brazilian telecommunications company reported earnings per share of $0.19, missing analyst expectations of $1.02 by a wide margin of 81.37%. Revenue also fell short, coming in at $2.50 billion versus the estimated $14.54 billion, a miss of 82.80%.
The poor quarterly performance, with both earnings and revenue declining significantly year-over-year, raised concerns among investors about the company's financial health and future prospects. The pre-market sell-off suggests that the market reacted negatively to the earnings miss, sending Telefonica Brasil's shares sharply lower ahead of the regular trading session.
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