Millicom Intl Cellular Q1 EPS Stands At $0.54 Higher Than $0.02 YoY, Sales $1.49B Beat $1.45B Estimate
Portfolio Pulse from Benzinga Newsdesk
Millicom Intl Cellular (NASDAQ:TIGO) reported Q1 earnings of $0.54 per share, significantly beating the consensus estimate of $0.07 and marking a 2600% increase from $0.02 per share YoY. Sales reached $1.49B, surpassing the $1.45B estimate and showing an 8.62% increase from $1.37B YoY.
May 08, 2024 | 10:07 am
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Millicom Intl Cellular reported a significant beat on both earnings and sales estimates for Q1, with earnings per share at $0.54 vs. the $0.07 estimate and sales of $1.49B against the $1.45B estimate.
The substantial beat on both earnings per share and sales estimates for Q1 indicates strong financial performance and operational efficiency, likely leading to positive investor sentiment and potential short-term stock price appreciation.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100