Tigo Says It 'Also Experienced A Smaller Number Of Unanticipated Purchase Order Cancellations And Returns, Which Negatively Impacted The Quarter's Revenue To A Lesser Extent'
Portfolio Pulse from Bill Haddad
Tigo has reported a decrease in revenue for the quarter due to a number of unexpected purchase order cancellations and returns.
October 09, 2023 | 12:35 pm
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NEGATIVE IMPACT
Tigo's revenue for the quarter has been negatively impacted by unexpected purchase order cancellations and returns.
The unexpected cancellations and returns have directly impacted Tigo's revenue for the quarter. This negative news could potentially lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100