Investing.com - Oi ADR Pref reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Oi ADR Pref announced earnings per share of -0.0091 on revenue of 833.71M. Analysts polled by Investing.com anticipated EPS of -0.0662 on revenue of 860.32M.
Oi ADR Pref shares are down 25.49% from the beginning of the year and are trading at 0.3800 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
Oi ADR Pref follows other major Services sector earnings this month
Oi ADR Pref's report follows an earnings beat by Amazon.com on April 29, who reported EPS of 15.79 on revenue of 108.52B, compared to forecasts EPS of 9.54 on revenue of 104.51B.
Alibaba ADR had missed expectations on Thursday with fourth quarter EPS of 10.32 on revenue of 187.4B, compared to forecast for EPS of 11.8 on revenue of 180.08B.
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