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Telecom Argentina ADR Earnings, Revenue Beat in Q1

Mar 10, 2021 10:46AM ET
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Investing.com - Telecom Argentina (NYSE:TEO) ADR reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.

Telecom Argentina ADR announced earnings per share of -0.0302 on revenue of 795.05M. Analysts polled by Investing.com anticipated EPS of -0.1022 on revenue of 728.93M.

Telecom Argentina ADR shares are down 17.99% from the beginning of the year, still down 56.44% from its 52 week high of 12.35 set on March 11, 2020. They are under-performing the EUR/USD which is down 0% from the start of the year.

Telecom Argentina ADR shares lost 0.19% in intra-day trade following the report.

Telecom Argentina ADR follows other major Services sector earnings this month

Telecom Argentina ADR's report follows an earnings missed by Walmart on February 18, who reported EPS of 1.39 on revenue of 152.08B, compared to forecasts EPS of 1.51 on revenue of 148.49B.

Walt Disney had beat expectations on February 11 with first quarter EPS of 0.32 on revenue of 16.25B, compared to forecast for EPS of -0.3551 on revenue of 15.89B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

Telecom Argentina ADR Earnings, Revenue Beat in Q1
 

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Salvador Giannone
Salvador Giannone Mar 10, 2021 12:29PM ET
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Reported FY20, not 1Q21
 
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