Investing.com - Oi ADR reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Oi ADR announced earnings per share of $-0.43 on revenue of $869.37M. Analysts polled by Investing.com anticipated EPS of $-0.31 on revenue of $863.17M.
Oi ADR shares are up 57.73% from the beginning of the year, still down 29.67% from its 52 week high of $2.09 set on July 29. They are outperforming 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 Tencent ADR on Wednesday, who reported EPS of $0.49 on revenue of $16.54B, compared to forecasts EPS of $0.41 on revenue of $16.04B.
L’Oreal ADR had beat expectations on July 30 with second quarter EPS of $3.82 on revenue of $6.92B, compared to forecast for EPS of $0.85 on revenue of $6.98B.
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