Investing.com - Grupo Televisa ADR reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Grupo Televisa ADR announced earnings per share of Mex$0.0691 on revenue of Mex$1.29B. Analysts polled by Investing.com anticipated EPS of Mex$0.0912 on revenue of Mex$1.27B.
Grupo Televisa ADR shares are down 3% from the beginning of the year, still down 28.88% from its 52 week high of Mex$15.06 set on June 7. They are under-performing the S&P Global 100 which is up 17.93% from the start of the year.
Grupo Televisa ADR follows other major Services sector earnings this month
Grupo Televisa ADR's report follows an earnings beat by Visa A on Tuesday, who reported EPS of Mex$1.62 on revenue of Mex$6.56B, compared to forecasts EPS of Mex$1.55 on revenue of Mex$6.52B.
Netflix had beat expectations on October 19 with third quarter EPS of Mex$3.19 on revenue of Mex$7.48B, compared to forecast for EPS of Mex$2.57 on revenue of Mex$7.48B.
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