Telefonica (NYSE:TEF) reported quarterly earnings of $0.08 per share which missed the analyst consensus estimate of $0.10 by 20 percent. This is a 0 percent increase over earnings of $0.08 per share from the same period last year. The company reported $9.609 billion in sales this quarter. This is a 5.34 percent decrease over sales of $10.151 billion the same period last year.