Investing.com - SK Telecom ADR reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
SK Telecom ADR announced earnings per share of 0.4581 on revenue of 4.34B. Analysts polled by Investing.com anticipated EPS of 0.2156 on revenue of 4.33B.
SK Telecom ADR shares are up 27% from the beginning of the year and are trading at 24.50 , down-from-52-week-high.They are outperforming the Nasdaq which is up 5.6% 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 Tuesday, who reported EPS of 14.09 on revenue of 125.56B, compared to forecasts EPS of 7.16 on revenue of 119.68B.
Alibaba ADR had beat expectations on Tuesday with third quarter EPS of 22.03 on revenue of 221.08B, compared to forecast for EPS of 20.59 on revenue of 214.17B.
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