Investing.com - QIWI reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
QIWI announced earnings per share of 0.44 on revenue of 122M. Analysts polled by Investing.com anticipated EPS of 38.81 on revenue of 5.14B.
QIWI shares are up 6.7% from the beginning of the year, still down 47.26% from its 52 week high of 20.84 set on August 10, 2020. They are outperforming the Nasdaq which is up 3.19% from the start of the year.
QIWI follows other major Services sector earnings this month
QIWI's report follows an earnings beat by Amazon.com on April 29, who reported EPS of 15.79 on revenue of 108.52B, compared to forecasts EPS of 9.54 on revenue of 104.51B.
Alibaba ADR had missed expectations on May 13 with fourth quarter EPS of 10.32 on revenue of 187.4B, compared to forecast for EPS of 11.16 on revenue of 187.37B.
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