Liberty Latin America Q1 Sales $1.099B Miss $1.112B Estimate
Portfolio Pulse from Benzinga Newsdesk
Liberty Latin America (LILA) reported Q1 sales of $1.099 billion, missing the consensus estimate of $1.112 billion by 1.17% and marking a 0.45% decrease from the previous year.
May 07, 2024 | 10:25 pm
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NEGATIVE IMPACT
Liberty Latin America's Q1 sales missed estimates and showed a slight year-over-year decline.
Missing sales estimates and reporting a year-over-year decline, even if slight, can negatively impact investor sentiment and stock price in the short term. Given the specific figures and the context of a missed estimate, it's reasonable to expect a negative reaction in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100