Investing.com - Oi ADR reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Oi ADR announced earnings per share of $-0.1125 on revenue of $474.5M. Analysts polled by Investing.com anticipated EPS of $-0.1136 on revenue of $478.97M.
Oi ADR shares are down 98.39% from the beginning of the year, still down 99.38% from its 52 week high of $1.60 set on July 2, 2021. They are under-performing the EUR/USD which is down 0% from the start of the year.
Oi ADR follows other major Communication Services sector earnings this month
Oi ADR's report follows an earnings missed by Bilibili on June 9, who reported EPS of $-4.2 on revenue of $5.05B, compared to forecasts EPS of $-4.05 on revenue of $5.08B.
Weibo Corp had beat expectations on June 1 with first quarter EPS of $0.56 on revenue of $484.62M, compared to forecast for EPS of $0.4526 on revenue of $474.11M.
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