MADRID (Reuters) -Spain’s Telefonica said on Tuesday it booked a lower than expected net profit in the third quarter as a result of one-off impairment charges on its Telefonica Tech unit, though it said it was on track to meet its full-year targets.
The company’s net profit in the July-September period was 271 million euros ($316.04 million). Analysts had expected an average 418 million euros, according to a company-compiled consensus.
($1 = 0.8575 euros)
(Reporting by Jesus Calero, editing by Inti Landauro)
