Investing.com - Oi ADR reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Oi ADR announced earnings per share of $-0.0854 on revenue of $813.99M. Analysts polled by Investing.com anticipated EPS of $-0.0059 on revenue of $481.09M.
Oi ADR shares are down 17.74% from the beginning of the year, still down 54.46% from its 52 week high of $1.12 set on August 25, 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 Alphabet C on July 26, who reported EPS of $1.21 on revenue of $69.69B, compared to forecasts EPS of $1.27 on revenue of $69.8B.
Meta Platforms had missed expectations on July 27 with second quarter EPS of $2.46 on revenue of $28.82B, compared to forecast for EPS of $2.54 on revenue of $28.91B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar