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Three of Four Communications Services Stocks Beat EPS Estimates

The State Street Com Svc Sel Sec SPDR ETF (XLC) was down more than 14% year to date.

Three blank earnings cards rise above a descending red strip / TokenPost.ai
Three blank earnings cards rise above a descending red strip / TokenPost.ai

Three of four communications-services stocks in this week’s earnings scorecard beat analyst earnings-per-share estimates, while the State Street Com Svc Sel Sec SPDR ETF (XLC) was down more than 14% year to date.

Alphabet (GOOG) and Verizon (VZ) were among the major companies reporting earnings this week. The scorecard’s tally covered four communications-services stocks.

A prior weekly scorecard counted five communications-services stocks that beat estimates, including Netflix and Meta Platforms.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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