Investing.com - Oi ADR Pref reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Oi ADR Pref announced earnings per share of -0.03 on revenue of 876.04M. Analysts polled by Investing.com anticipated EPS of -0.02 on revenue of 990.79M. That with comparison to EPS of 0.01 on revenue of 1.34B in the same period a year before. Oi ADR Pref had reported EPS of -0.03 on revenue of 922.01M in the previous quarter. Analysts are expecting EPS of -0.02 and revenue of 1.04B in the upcoming quarter.
Oi ADR Pref shares are down 52.86% from the beginning of the year , still down 72.89% from its 52 week high of 0.45 set on July 22, 2019. They are under-performing the EUR/USD which is down 0% year to date.
Oi ADR Pref follows other major Services sector earnings this month
Oi ADR Pref's report follows an earnings missed by Amazon.com on April 30, who reported EPS of 5.01 on revenue of 75.45B, compared to forecasts EPS of 6.16 on revenue of 73.74B.
Visa A had beat expectations on April 30 with second quarter EPS of 1.39 on revenue of 5.85B, compared to forecast for EPS of 1.34 on revenue of 5.72B.
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