Telefonica Brasil (VIV) reported Q2 earnings late Monday of 0.49 Brazilian Real ($0.096) per share, up from 0.42 Real a year earlier.
Analysts surveyed by FactSet expected 0.54 Real.
Operating Revenue for the quarter ended June 30 was 15.76 billion Brazilian Reais, up from 14.65 billion Brazilian Reais a year earlier.
Analysts expected 15.53 billion Brazilian Reais.