Investing.com - Oi ADR Pref reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Oi ADR Pref announced earnings per share of R$-0.09 on revenue of R$869.37M. Analysts polled by Investing.com anticipated EPS of R$-0.06 on revenue of R$863.17M.
Oi ADR Pref shares are up 55.72% from the beginning of the year and are trading at R$0.4030 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
Oi ADR Pref follows other major Services sector earnings this month
Oi ADR Pref's report follows an earnings beat by Amazon.com on Thursday, July 30, 2020, who reported EPS of R$10.3 on revenue of R$88.91B, compared to forecasts EPS of R$1.48 on revenue of R$81.45B.
Visa A had beat expectations on Tuesday, July 28, 2020 with third quarter EPS of R$1.06 on revenue of R$4.84B, compared to forecast for EPS of R$1.03 on revenue of R$4.82B.
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