Investing.com - Oi ADR reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Oi ADR announced earnings per share of $-0.0455 on revenue of $833.71M. Analysts polled by Investing.com anticipated EPS of $-0.3312 on revenue of $860.32M.
Oi ADR shares are down 23% from the beginning of the year, still down 36.31% from its 52 week high of $2.41 set on December 10, 2020. They are under-performing the EUR/USD which is down 0% from the start of the year.
Oi ADR follows other major sector earnings this month
Oi ADR's report follows an earnings beat by Industrial Commercial Bank of China on April 29, who reported EPS of $0.7417 on revenue of $33.09B, compared to forecasts EPS of $0.6343 on revenue of $34.72B.
L’Oreal ADR had matched expectations on April 15 with first quarter EPS of $1.03 on revenue of $9.12B, compared to forecast for EPS of $1.03 on revenue of $9.23B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar