Investing.com - LATAM Airlines ADR reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
LATAM Airlines ADR announced earnings per share of -0.79 on revenue of 829.5M. Analysts polled by Investing.com anticipated EPS of -0.35 on revenue of 837M.
LATAM Airlines ADR shares are up 28% from the beginning of the year and are trading at 2.20 , down-from-52-week-high.They are outperforming the STOXX 600 which is up 11.5% 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 April 27, who reported EPS of 2.77 on revenue of 22.69B, compared to forecasts EPS of 1.73 on revenue of 20.58B.
Union Pacific had missed expectations on April 22 with first quarter EPS of 2 on revenue of 5B, compared to forecast for EPS of 2.06 on revenue of 5.05B.
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