Investing.com - LATAM Airlines ADR reported on Tuesday second quarter earnings that matched analysts' forecasts and revenue that fell short of expectations.
LATAM Airlines ADR announced earnings per share of $-1.09 on revenue of $267.5M. Analysts polled by Investing.com anticipated EPS of $-1.09 on revenue of $314.33M.
LATAM Airlines ADR shares are down 84.74% from the beginning of the year and are trading at $1.55 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
LATAM Airlines ADR follows other major Transportation sector earnings this month
LATAM Airlines ADR's report follows an earnings beat by United Parcel Service on July 30, who reported EPS of $2.13 on revenue of $20.55B, compared to forecasts EPS of $1.07 on revenue of $17.5B.
Union Pacific had beat expectations on July 23 with second quarter EPS of $1.67 on revenue of $4.24B, compared to forecast for EPS of $1.56 on revenue of $4.39B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar