Investing.com - Oi ADR reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Oi ADR announced earnings per share of $-0.1864 on revenue of $802.63M. Analysts polled by Investing.com anticipated EPS of $-0.1662 on revenue of $873.54M.
Oi ADR shares are down 53% from the beginning of the year and are trading at $0.8146 , down-from-52-week-high.They are under-performing 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 Alphabet C on Tuesday, October 26, 2021, who reported EPS of $27.99 on revenue of $65.12B, compared to forecasts EPS of $23.83 on revenue of $63.53B.
Alphabet A had beat expectations on Tuesday, October 26, 2021 with third quarter EPS of $27.99 on revenue of $65.12B, compared to forecast for EPS of $23.73 on revenue of $63.53B.
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