10:00AM Frankfurt, Germany – Telecom Italia SpA revenue fell 6.7% and net profit fell 4.5%. Commerzbank AG net interest income rose 66% and net loss was €861 million.

Telecom Italia SpA, Italy’s biggest phone company said first quarter revenues fell 6.7% to €6.79 billion from €7.28 billion a year ago. Net profit in the quarter fell 4.5% to €463 million compared to net profit of €485 million a year ago.

Telecom Italia SpA, in the last one year traded as high as €1.19 in June 2008 and as low as €0.52 in January 2009. Based on the yesterday’s closing price of €0.674 the company has market cap of €18.40 billion.

Commerzbank AG, Germany’s second- largest bank said first quarter net interest income rose 66% to €1.69 billion from €1.02 billion a year ago. Net loss in the quarter was €861 million or €1.02 per diluted share compared to net profit of €280 million or €0.43 per share a year ago.

Luxottica Group SpA, the luxury eyewear maker said first quarter sales fell 6.4% to €1.31 billion from €1.4 billion a year ago. Net income in the quarter fell 22.5% to €80.4 million or €0.18 per diluted share compared to net income of €103.7 million or €0.23 per share a year ago.

Puma AG Rudolf Dassler Sport, the most desirable Sport lifestyle company said first quarter revenues rose 3.6% to €697.4 million from €673.3 million a year ago. Net profit in the quarter fell 94% to €5.6 million or €0.37 per diluted share compared to net profit of €90.1 million or €5.76 per share a year ago.

Repsol YPF SA, Spain’s largest oil company said first quarter net profit in the quarter fell 57% to €516 million or €0.43 per diluted share compared to net profit of €1.21 billion or €1.57 per share a year ago.