Investing.com - KT (NYSE:KT) reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
KT announced earnings per share of 0.7217 on revenue of 5.54B. Analysts polled by Investing.com anticipated EPS of 0.1295 on revenue of 5.42B.
KT shares are down 12% from the beginning of the year, still down 11.60% from its 52 week high of 15.35 set on June 1, 2021. They are under-performing the S&P 500 which is down 3.76% from the start of the year.
KT follows other major Communication Services sector earnings this month
KT's report follows an earnings beat by Alphabet C on February 1, who reported EPS of 30.69 on revenue of 75.33B, compared to forecasts EPS of 27.8 on revenue of 72.27B.
Meta Platforms had missed expectations on February 2 with fourth quarter EPS of 3.67 on revenue of 33.67B, compared to forecast for EPS of 3.84 on revenue of 33.37B.
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