Investing.com - Oi ADR reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Oi ADR announced earnings per share of $-0.0875 on revenue of $916.74M. Analysts polled by Investing.com anticipated EPS of $-0.337 on revenue of $842.95M.
Oi ADR shares are up 6.34% from the beginning of the year and are trading at $0.8910 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% 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 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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