Millicom International Cellular S.A. (NASDAQ:TIGO) is expected to report third quarter earnings results, before market open, on Friday 30th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.33 per share.
Looking ahead, the full year loss are expected at $ 0.41 per share on the revenues of $ 6297.95 million.
Previous Quarter Performance
Millicom International Cellular S.A. came out with loss for the second quarter of $ 1.14 per share, from the revenue of $ 970.00 million. The quarterly revenues reduced 39.76 percent compared with the same quarter last year. Street analysts expected Millicom International Cellular S.A. to report loss of $ 0.04 per share on revenue of $ 1414.83 million for the second quarter. The top line results fell short of analysts by $ 444.83 million or 31.44 percent.
Stock Performance
Shares of Millicom International Cellular S.A. traded low $ -0.22 or -0.77 percent on Thursday, reaching $ 28.31 with volume of 52.20 thousand shares. Millicom International Cellular S.A. has traded high as $ 28.67 and has cracked $ 27.72 on the downward trend
According to the previous trading day, closing price of $ 28.31, representing a 41.59 % increase from the 52 week low of $ 20.15 and a 42.61 % decrease over the 52 week high of $ 49.71.
The company has a market capital of $ 2.86 billion and is part of the Communication Services sector and Telecom Services industry.
Conference Call
Millicom International Cellular S.A. will be hosting a conference call at 8:00 AM eastern time on 30th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.millicom.com
Millicom International Cellular S.A. provides cable and mobile services in Latin America and Africa. The company offers mobile services, including mobile data and voice; short message service; and mobile financial services, such as payments, money transfers, international remittances, savings, real-time loans, and micro-insurance.
