Millicom Intl Cellular Q2 2024 GAAP EPS $0.46 Misses $0.54 Estimate, Sales $1.458B Miss $1.483B Estimate
Portfolio Pulse from Benzinga Newsdesk
Millicom International Cellular reported Q2 2024 GAAP EPS of $0.46, missing the estimate of $0.54. Sales were $1.458 billion, also missing the estimate of $1.483 billion.
August 02, 2024 | 10:00 am
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Millicom International Cellular (TIGO) reported Q2 2024 GAAP EPS of $0.46, missing the estimate of $0.54. Sales were $1.458 billion, also missing the estimate of $1.483 billion. This underperformance may lead to a short-term negative impact on the stock price.
The company's earnings and sales both missed analyst estimates, which is likely to result in a negative reaction from investors. This underperformance suggests potential concerns about the company's financial health and future growth prospects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100