Telefonica (NYSE:TEF) reported quarterly earnings of $0.08 per share which missed the analyst consensus estimate of $0.09 by 11.11 percent. This is a 27.27 percent decrease over earnings of $0.11 per share from the same period last year. The company reported quarterly sales of $10.151 billion which beat the analyst consensus estimate of $9.033 billion by 12.38 percent. This is a 8.06 percent decrease over sales of $11.041 billion the same period last year.