Vodafone (VOD) Shares Drop Over 7% as Revenue Misses Estimates

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Nov 12, 2024
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Vodafone (VOD, Financial) shares fell more than 7%, trading at $8.665. The company released its financial results for the first half of the fiscal year ending September 30, reporting a 1.6% year-over-year increase in revenue to €18.28 billion, slightly below analysts' expectations of €18.32 billion. A key metric for the telecom industry, service revenue, saw a 1.7% increase, reaching €15.11 billion. The board announced a proposed interim dividend of €0.0225 per share, which is lower compared to the €0.045 per share distributed in the same period last year.

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