Investing.com - Gol Linhas Aereas ADR reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Gol Linhas Aereas ADR announced earnings per share of -6.38 on revenue of 1.9B. Analysts polled by Investing.com anticipated EPS of -1.01 on revenue of 337.78M.
Gol Linhas Aereas ADR shares are down 32.48% from the beginning of the year, still down 41.99% from its 52 week high of 11.43 set on June 9. They are under-performing the EUR/USD which is down 0% from the start of the year.
Gol Linhas Aereas ADR follows other major Transportation sector earnings this month
Gol Linhas Aereas ADR's report follows an earnings beat by United Parcel Service on October 26, who reported EPS of 2.71 on revenue of 23.11B, compared to forecasts EPS of 2.55 on revenue of 22.57B.
Union Pacific had beat expectations on October 21 with third quarter EPS of 2.57 on revenue of 5.57B, compared to forecast for EPS of 2.48 on revenue of 5.41B.
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