As the Vodafone share price falls 5% on Q3 update, is it time to buy?
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The Vodafone (LSE: VOD) share price had been climbing ahead of a third-quarter update due Thursday (5 February). But early trading on the day saw the shares lose a quick 5% after service revenue in Germany rose just 0.7% — well below expectations. Operations in Germany have been struggling, and a return to revenue growth had been a highlight at first-half results time.
And in the UK, organic sales revenue declined 0.5% (following a 1.2% increase in Q2). But the company said that was expected. And that the “integration of VodafoneThree is progressing well and firmly on track.“
Looking at the wider picture, Vodafone saw total revenue increase 6.5% from the same quarter a year ago, to…
