Investing.com - America Movil (NYSE:AMX) ADR A reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
America Movil ADR A announced earnings per share of Mex$0.23 on revenue of Mex$12.28B. Analysts polled by Investing.com anticipated EPS of Mex$0.28 on revenue of Mex$11.73B.
America Movil ADR A shares are down 8% from the beginning of the year, still down 24.75% from its 52 week high of Mex$17.94 set on February 20. They are outperforming the STOXX 600 which is down 12.71% from the start of the year.
America Movil ADR A follows other major Services sector earnings this month
America Movil ADR A's report follows an earnings beat by Verizon on Wednesday, who reported EPS of Mex$1.25 on revenue of Mex$31.50B, compared to forecasts EPS of Mex$1.22 on revenue of Mex$31.59B.
Netflix had missed expectations on Tuesday with third quarter EPS of Mex$1.74 on revenue of Mex$6.44B, compared to forecast for EPS of Mex$2.13 on revenue of Mex$6.39B.
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