Investing.com - Telecom Argentina (NYSE:TEO) ADR reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Telecom Argentina ADR announced earnings per share of $0.124 on revenue of $897.62M. Analysts polled by Investing.com anticipated EPS of $0.358 on revenue of $1B.
Telecom Argentina ADR shares are down 29.95% from the beginning of the year, still down 39.00% from its 52 week high of $6.59 set on April 11.
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 October 25, who reported EPS of $1.06 on revenue of $69.09B, compared to forecasts EPS of $1.28 on revenue of $71.34B.
Meta Platforms had missed expectations on October 26 with third quarter EPS of $1.64 on revenue of $27.71B, compared to forecast for EPS of $1.93 on revenue of $27.57B.
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