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Oi: 1Q Earnings Snapshot

RIO DE JANEIRO (AP) _ Oi SA (OIBRQ) on Wednesday reported a loss of $1.42 billion in its first quarter.

On a per-share basis, the Rio De Janeiro-based company said it had a loss of 24 cents.

The telecommunications company posted revenue of $1.07 billion in the period.

The company's shares closed at 22 cents. A year ago, they were trading at 40 cents.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OIBRQ at https://www.zacks.com/ap/OIBRQ