Investing.com - Grupo Televisa ADR reported on Monday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Grupo Televisa ADR announced earnings per share of Mex$0.20 on revenue of Mex$752.4M. Analysts polled by Investing.com anticipated EPS of Mex$0.1744 on revenue of Mex$1.39B.
Grupo Televisa ADR shares are up 12.06% from the beginning of the year, still down 30.28% from its 52 week high of Mex$15.06 set on June 7, 2021. They are outperforming the EUR/USD which is down 0% from the start of the year.
Grupo Televisa ADR follows other major Communication Services sector earnings this month
Grupo Televisa ADR's report follows an earnings beat by Alphabet C on February 1, who reported EPS of Mex$30.69 on revenue of Mex$75.33B, compared to forecasts EPS of Mex$27.8 on revenue of Mex$72.27B.
Meta Platforms had missed expectations on February 2 with fourth quarter EPS of Mex$3.67 on revenue of Mex$33.67B, compared to forecast for EPS of Mex$3.84 on revenue of Mex$33.37B.
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