Telefonica (NYSE:TEF) reported quarterly earnings of $0.10 per share which beat the analyst consensus estimate of $0.09 by 16.67 percent. This is a 4.55 percent decrease over earnings of $0.11 per share from the same period last year. The company reported quarterly sales of $10.474 billion which missed the analyst consensus estimate of $10.510 billion by 0.34 percent. This is a 4.92 percent decrease over sales of $11.016 billion the same period last year.