Investing.com - America Movil (NYSE:AMX) ADR reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
America Movil ADR announced earnings per share of Mex$4.8 on revenue of Mex$259.2B. Analysts polled by Investing.com anticipated EPS of Mex$6.07 on revenue of Mex$249.88B.
America Movil ADR shares are down 8% from the beginning of the year, still down 24.22% from its 52 week high of Mex$18.04 set on February 19. They are outperforming the STOXX 600 which is down 12.71% from the start of the year.
America Movil ADR follows other major Services sector earnings this month
America Movil ADR's report follows an earnings beat by Verizon on Wednesday, who reported EPS of Mex$1.25 on revenue of Mex$31.50B, compared to forecasts EPS of Mex$1.22 on revenue of Mex$31.59B.
Netflix had missed expectations on Tuesday with third quarter EPS of Mex$1.74 on revenue of Mex$6.44B, compared to forecast for EPS of Mex$2.13 on revenue of Mex$6.39B.
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