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 , still down 58.52% from its 52 week high of Mex$12.61 set on January 22. 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 following 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 April 22 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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