Telefonica (NYSE:TEF) Posts Drop in Earnings – VOD, ATML, EA, STX, PCS, ONNN, NVDA

Telefonica S.A. (ADR) (NYSE:TEF) announced Friday its Q1 net profit fell on weakness in European markets such as Spain and Italy, regardless of a strong contribution from its Latin American operations.

Madrid-based Telefonica, Europe’s second-biggest telecommunications company by market value after UK-based Vodafone Group PLC (NASDAQ:VOD), stated that its Q1 net profit dropped to EUR748 million in the Q1 of the year, a 54% decline from the similar period previous year.

A survey of nine analysts performed by Dow Jones Newswires had expected a EUR1.31 billion net profit.

Other Technology stocks with bullish trend include Atmel Corporation (NASDAQ:ATML) up 1.33% to $7.63, Electronic Arts Inc. (NASDAQ:EA) up 4.18% to $14.71 and Seagate Technology PLC (NASDAQ:STX) up 2.94% to $31.47, whereas with bearish trend include MetroPCS Communications Inc (NYSE:PCS) down -5.87% to $7.06, ON Semiconductor Corp. (NASDAQ:ONNN) down -0.92% to $7.54 and NVIDIA Corporation (NASDAQ:NVDA) down -0.72% to $12.42.

Telefonica S.A. (ADR) (NYSE:TEF) stock reports on May 10, 2012 increased 3.01% to the closing price of $14.73. Its fifty two week range was $14.00-$24.82. The total market capitalization remained $22.41 billion.

The overall volume in the last trading session was 6.02 million shares. In its share capital TEF has 4.56 billion outstanding shares among them 1.33 billion shares have been floated in market exchange. TEF stock institutional ownership remained 2.46%.

TEF is ahead its 52 week low with 5.21% and lagging behind from its 52 week high price with -37.45%. TEF last month stock price volatility remained 1.79%. The stock price of TEF is moving forward from its 20 days moving average with 0.73% and remote negatively from 50 days moving average with -6.45%.

TEF current year earnings per share experienced an addition with -46.68% while its current quarter performance remained -17.01%. Company’s beta coefficient included 0.98. Beta factors measures the amount of market risk associated with market trade.

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