Investing.com - Oi ADR Pref reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Oi ADR Pref announced earnings per share of -0.0225 on revenue of 474.5M. Analysts polled by Investing.com anticipated EPS of -0.0227 on revenue of 478.97M.
Oi ADR Pref shares are down 14.11% from the beginning of the year and are trading at 0.2100 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
Oi ADR Pref follows other major Communication Services sector earnings this month
Oi ADR Pref's report follows an earnings missed by Bilibili on Thursday, June 9, 2022, 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 Wednesday, June 1, 2022 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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