Why IHS Holding Shares Are Slipping Today
Portfolio Pulse from Lekha Gupta
IHS Holding Ltd's shares are down by around 5% after the company reported mixed Q2 FY23 results and lowered its FY23 guidance. Despite a revenue increase of 16.8% Y/Y to $546.2 million, the company's EPS loss of $(3.73) missed the consensus of $0.18. The company's board authorized a share repurchase program for up to $50 million. The company lowered its FY23 sales outlook due to foreign exchange headwinds.
August 15, 2023 | 1:14 pm
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IHS Holding Ltd's shares are down after mixed Q2 FY23 results and lowered FY23 guidance. The company's board authorized a share repurchase program for up to $50 million.
IHS Holding Ltd's shares are down due to mixed Q2 FY23 results and lowered FY23 guidance. The company's EPS loss missed the consensus, which is a negative signal for investors. Additionally, the company lowered its FY23 sales outlook due to foreign exchange headwinds, which could further impact the stock negatively. However, the company's board authorized a share repurchase program for up to $50 million, which could provide some support to the stock price.
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IMPORTANCE 80
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