Investing.com - Telecom Argentina (NYSE:TEO) ADR reported on Tuesday first quarter earnings that matched analysts' forecasts and revenue that topped expectations.
Telecom Argentina ADR announced earnings per share of 0.1555 on revenue of 1B. Analysts polled by Investing.com anticipated EPS of 0.1555 on revenue of 966.54M.
Telecom Argentina ADR shares are down 6.47% from the beginning of the year, still down 27.62% 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 April 26, who reported EPS of 24.62 on revenue of 68.01B, compared to forecasts EPS of 25.59 on revenue of 68.06B.
Meta Platforms had beat expectations on April 27 with first quarter EPS of 2.72 on revenue of 27.91B, compared to forecast for EPS of 2.56 on revenue of 28.28B.
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