Telefonica Q1 net profit falls 58% but still beats expectations

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Overall revenues rose 6.7% to 10.05 billion euros, the company also said, while core earnings fell 2.4% to 3.12 billion euros.

A company-provided consensus of analysts expected net profit of 279 million euros, revenues of 9.74 billion euros and core earnings of 3.08 billion euros.

($1 = 0.9084 euros)