Investing.com - Oi ADR reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Oi ADR announced earnings per share of $-0.1334 on revenue of $861.84M. Analysts polled by Investing.com anticipated EPS of $-0.0893 on revenue of $849.87M.
Oi ADR shares are up 20.26% from the beginning of the year and are trading at $1.0100 , down-from-52-week-high.They are outperforming the STOXX 600 which is up 18.93% from the start of the year.
Oi ADR follows other major Communication Services sector earnings this month
Oi ADR's report follows an earnings beat by SoftBank Group on Tuesday, who reported EPS of $1.85 on revenue of $13.39B, compared to forecasts EPS of $-0.2404 on revenue of $11.98B.
KDDI Corp PK had beat expectations on Friday, July 30, 2021 with second quarter EPS of $0.3846 on revenue of $11.9B, compared to forecast for EPS of $0.373 on revenue of $11.58B.
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