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home / news releases / TIGO - Millicom International Cellular S.A.EPS of -$0.13 revenue of $1.39B misses by $60M

TIGO - Millicom International Cellular S.A.EPS of -$0.13 revenue of $1.39B misses by $60M

Millicom International Cellular S.A.

2023-07-27 06:07:32 ET

  • Millicom International Cellular S.A. press release ( NASDAQ: TIGO ): Q2 EPS of -$0.13 may not be comparable to consensus of $0.39.
  • Revenue of $1.39B (-5.4% Y/Y) misses by $60M .
  • Revenuedeclined3.8%mainlyduetocurrencydepreciationcomparedtotheprioryearandlowertelephoneand equipmentsales.Excludingcurrencyimpacts,revenuedeclined0.2%year-on-year.
  • Netlossof$22millioncomparedtonetprofit$129millioninQ22022,whichincludedalargegainonthesaleof Tanzaniaoperation.

For further details see:

Millicom International Cellular S.A.EPS of -$0.13, revenue of $1.39B misses by $60M
Stock Information
Company Name: Millicom International Cellular S.A.
Stock Symbol: TIGO
Market: NASDAQ
Website: millicom.com
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