Investing.com - Grupo Televisa ADR reported on Tuesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Grupo Televisa ADR announced earnings per share of Mex$-0.68 on revenue of Mex$935.38M. Analysts polled by Investing.com anticipated EPS of Mex$-0.17 on revenue of Mex$989.46M. That with comparison to EPS of Mex$0.05 on revenue of Mex$1.22B in the same period a year before.Grupo Televisa ADR had reported EPS of Mex$0.17 on revenue of Mex$1.44B in the previous quarter.Analysts are expecting EPS of Mex$0.02 and revenue of Mex$1.09B in the upcoming quarter.
Grupo Televisa ADR shares are down 55.41% from the beginning of the year and are trading at Mex$5.23 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% year to date.
Grupo Televisa ADR shares gained 0.97% in intra-day trade the report.
Grupo Televisa ADR follows other major Services sector earnings this month
Grupo Televisa ADR's report follows an earnings beat by Verizon on Friday, who reported EPS of Mex$1.26 on revenue of Mex$31.61B, compared to forecasts EPS of Mex$1.22 on revenue of Mex$32.38B.
AT&T had missed expectations on Wednesday, April 22, 2020 with first quarter EPS of Mex$0.84 on revenue of Mex$42.78B, compared to forecast for EPS of Mex$0.85 on revenue of Mex$44.2B.
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