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Telefonica (TEF): Q3 net profit €1.38B vs a loss of €429M last year, which was hit by...

Telefonica (TEF): Q3 net profit €1.38B vs a loss of €429M last year, which was hit by layoff costs, and vs consensus of €1.4B. Revenue -1.6% to €15.54B, with Europe -6.8% and Latin America +3.8%. Debt falls by €2.3B Q/Q to €56B and is projected to drop another €3.18B. (PR)

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