Investing.com - Telefonica Brasil (NYSE:VIV) ADR reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Telefonica (NYSE:TEF) Brasil ADR announced earnings per share of 0.1294 on revenue of 2.06B. Analysts polled by Investing.com anticipated EPS of 0.1286 on revenue of 2.02B.
Telefonica Brasil ADR shares are down 11.07% from the beginning of the year, still down 22.92% from its 52 week high of 10.21 set on July 31, 2020. They are under-performing the EUR/USD which is down 0% from the start of the year.
Telefonica Brasil ADR follows other major Services sector earnings this month
Telefonica Brasil ADR's report follows an earnings beat by Crown Castle on July 21, who reported EPS of 0.77 on revenue of 1.58B, compared to forecasts EPS of 0.6896 on revenue of 1.56B.
Wal Mart de Mexico ADR had beat expectations on July 22 with second quarter EPS of 0.2777 on revenue of 8.66B, compared to forecast for EPS of 0.2655 on revenue of 8.7B.
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