Investing.com - SK Telecom ADR reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
SK Telecom ADR announced earnings per share of 0.5 on revenue of 4.19B. Analysts polled by Investing.com anticipated EPS of 0.45 on revenue of 4.06B.
SK Telecom ADR shares are down 6% from the beginning of the year, still down 5.13% from its 52 week high of 23.80 set on December 27, 2019. They are outperforming the STOXX 600 which is down 11.91% from the start of the year.
SK Telecom ADR follows other major Services sector earnings this month
SK Telecom ADR's report follows an earnings beat by Amazon.com on October 29, who reported EPS of 12.37 on revenue of 96.15B, compared to forecasts EPS of 7.41 on revenue of 92.78B.
Alibaba ADR had beat expectations on Thursday with second quarter EPS of 18 on revenue of 155.06B, compared to forecast for EPS of 14.18 on revenue of 155.88B.
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