Investing.com - Telecom Argentina (NYSE:TEO) ADR reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Telecom Argentina ADR announced earnings per share of 0.009 on revenue of 978.95M. Analysts polled by Investing.com anticipated EPS of -0.0083 on revenue of 1.02B.
Telecom Argentina ADR shares are down 11.57% from the beginning of the year, still down 31.56% from its 52 week high of 6.59 set on April 11. They are under-performing the EUR/USD which is down 0% from the start of the year.
Telecom Argentina ADR follows other major Communication Services sector earnings this month
Telecom Argentina ADR's report follows an earnings missed by Alphabet C on July 26, who reported EPS of 1.21 on revenue of 69.69B, compared to forecasts EPS of 1.27 on revenue of 69.8B.
Meta Platforms had missed expectations on July 27 with second quarter EPS of 2.46 on revenue of 28.82B, compared to forecast for EPS of 2.54 on revenue of 28.91B.
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