Investing.com - Oi ADR Pref reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Oi ADR Pref announced earnings per share of -0.0175 on revenue of 916.74M. Analysts polled by Investing.com anticipated EPS of -0.0674 on revenue of 842.95M.
Oi ADR Pref shares are up 6.34% from the beginning of the year and are trading at 0.2600 , down-from-52-week-high.They are outperforming 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 beat by Tencent ADR on Wednesday, March 23, 2022, who reported EPS of 1.54 on revenue of 22.64B, compared to forecasts EPS of 0.4745 on revenue of 23.04B.
Sea had missed expectations on Tuesday, March 1, 2022 with first quarter EPS of -0.88 on revenue of 3.22B, compared to forecast for EPS of -0.8708 on revenue of 3.01B.
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