Mexico's America Movil Reports Q2 Net Loss Of 1.09 Billion Pesos; Reports Q2 Revenue Of 205.52 Billion Pesos
Portfolio Pulse from Benzinga Newsdesk
Mexico's America Movil reported a Q2 net loss of 1.09 billion pesos and Q2 revenue of 205.52 billion pesos.
July 16, 2024 | 9:31 pm
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America Movil reported a Q2 net loss of 1.09 billion pesos, despite generating Q2 revenue of 205.52 billion pesos. This could indicate financial challenges or increased expenses.
The net loss reported by America Movil, despite high revenue, suggests potential financial difficulties or increased operational costs. This is likely to negatively impact investor sentiment and the stock price in the short term.
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