Vodafone Shares Fall as Germany Weakness Offsets Sales Beat

Vodafone Group Plc shares fell after fiscal third quarter results revealed a further softening in its German operations.

Organic service revenue in the country fell by 6.4% in the quarter, the company said in a statement on Tuesday. That was below the 5.3% drop estimated by analysts in a survey compiled by Bloomberg. Vodafone said its earnings from the country are now expected to be lower in the second half of the year than in the first partly due to a “more challenging” mobile market.