Investing.com - LATAM Airlines ADR reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
LATAM Airlines ADR announced earnings per share of $-0.95 on revenue of $405.0M. Analysts polled by Investing.com anticipated EPS of $-0.81 on revenue of $718M.
LATAM Airlines ADR shares are down 84.94% from the beginning of the year and are trading at $1.53 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
LATAM Airlines ADR follows other major Transportation sector earnings this month
LATAM Airlines ADR's report follows an earnings beat by United Parcel Service on Wednesday, October 28, 2020, who reported EPS of $2.28 on revenue of $21.19B, compared to forecasts EPS of $1.9 on revenue of $20.21B.
Union Pacific had missed expectations on Thursday, October 22, 2020 with third quarter EPS of $2.01 on revenue of $4.92B, compared to forecast for EPS of $2.06 on revenue of $4.93B.
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