Investing.com - America Movil ADR reported on Tuesday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
America Movil ADR announced earnings per share of Mex$7.79 on revenue of Mex$227.31B. Analysts polled by Investing.com anticipated EPS of Mex$8.01 on revenue of Mex$244.22B.
America Movil ADR shares are up 13% from the beginning of the year and are trading at Mex$18.50 , down-from-52-week-high.They are outperforming the AEX which is down 3.6% from the start of the year.
America Movil ADR follows other major Communication Services sector earnings this month
America Movil ADR's report follows an earnings beat by Alphabet C on February 1, who reported EPS of Mex$30.69 on revenue of Mex$75.33B, compared to forecasts EPS of Mex$27.8 on revenue of Mex$72.27B.
Meta Platforms had missed expectations on February 2 with fourth quarter EPS of Mex$3.67 on revenue of Mex$33.67B, compared to forecast for EPS of Mex$3.84 on revenue of Mex$33.37B.
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