Investing.com - SK Telecom ADR reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
SK Telecom ADR announced earnings per share of 1.03 on revenue of 4.17B. Analysts polled by Investing.com anticipated EPS of 0.7375 on revenue of 4.26B.
SK Telecom ADR shares are up 20.26% from the beginning of the year and are trading at 28.85 , down-from-52-week-high.They are outperforming the STOXX 600 which is up 18.93% from the start of the year.
SK Telecom ADR follows other major Services sector earnings this month
SK Telecom ADR's report follows an earnings beat by Amazon.com on July 29, who reported EPS of 15.12 on revenue of 113.08B, compared to forecasts EPS of 12.23 on revenue of 115.42B.
Alibaba ADR had beat expectations on August 3 with first quarter EPS of 16.6 on revenue of 205.74B, compared to forecast for EPS of 14.32 on revenue of 209.11B.
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