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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.