Investing.com - KT (NYSE:KT) reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
KT announced earnings per share of 0.5385 on revenue of 5.28B. Analysts polled by Investing.com anticipated EPS of 0.4434 on revenue of 5.27B.
KT shares are up 17.8% from the beginning of the year, still down 15.50% from its 52 week high of 15.35 set on June 1. They are outperforming the EUR/USD which is down 0% from the start of the year.
KT follows other major Services sector earnings this month
KT's report follows an earnings beat by Visa A on October 26, who reported EPS of 1.62 on revenue of 6.56B, compared to forecasts EPS of 1.55 on revenue of 6.52B.
Netflix had beat expectations on October 19 with third quarter EPS of 3.19 on revenue of 7.48B, compared to forecast for EPS of 2.57 on revenue of 7.48B.
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