(Bloomberg) — Telefonica SA reported profit that missed estimates, highlighting the challenges the company faces to increase sales while it implements a new strategy.The company reported operating income before depreciation and amortization of 3.67 billion euros ($3.96 billion euros) in the fourth quarter, falling short of the 4.18 billion euros forecast by analysts. Impairments from Mexican and Argentine operations, along with staff cuts and other restructuring measures, were a drag on earnings.The company is pledging to maintain sales growth and cut debt as it undergoes a shift to focus mainly on four key markets. The difficulties abound, not least because …read more
Source:: Yahoo Finance
