Vodafone sales trail estimates
Vodafone reported first-quarter service revenue that trailed analysts’ estimates as consumers and companies in Spain and Italy cut spending.
Vodafone Group, Europe’s largest mobile-phone company, reported first-quarter service revenue that trailed analysts’ estimates as consumers and companies in Spain and Italy cut spending.
Service revenue, excluding currency swings and acquisitions, gained 0.6 per cent in the three months ended June 30th, the company said today. Analysts had predicted growth of 0.8 per cent, according to the average of estimates in a Bloomberg survey. Total sales fell 7.7 per cent to £10.77...
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