Telefonica books $59 million net loss in second quarter on currency swings
The company's net loss during the quarter compared with a 417 million euro net profit in the same period a year ago.
Its overall revenue in the quarter fell 3.7% to 8.95 billion euros, it said, mainly because of the depreciation of the Brazilian real against the euro.
Analysts expected a net profit of 104 million euros and overall revenues of 8.92 billion euros, according to a company-provided consensus.
The company booked a 206 million euro impairment on the value of its units it sold in Latin America.
($1 = 0.8654 euros)
(Reporting by Inti Landauro; Editing by David Latona)
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