Liberty Latin America Q1 Sales $1.10B Miss $1.11B Estimate
Portfolio Pulse from saritha@benzinga.com
Liberty Latin America (NASDAQ:LILAK) reported Q1 sales of $1.10 billion, missing the consensus estimate of $1.11 billion by 0.99% and marking a 0.45% decrease from the same period last year.
May 07, 2024 | 10:50 pm
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Liberty Latin America reported Q1 sales of $1.10 billion, missing estimates by 0.99% and experiencing a slight decrease from last year.
Missing sales estimates and reporting a year-over-year decrease, even if slight, can negatively impact investor sentiment and stock price in the short term. Given the close miss and minor decrease, the impact is likely to be negative but not severely so.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100