Shares of Telefônica Brasil S.A. (VIV) are falling about 5 percent in Monday morning trading despite the company reporting higher earnings and revenue in the first quarter.
The company's stock is currently trading at $14.79, down 5.19 percent, over the previous close of $15.61 on the New York Stock Exchange. It has traded between $9.41 and $17.26 in the past year.
Earnings totaled ZAR1.261 billion, or ZAR0.39 per share, compared to ZAR1.058 billion, or ZAR0.33 per share, last year. Meanwhile, revenue for the period rose to ZAR15.457 billion from ZAR14.390 billion in the previous year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.