Liberty Latin America Cl A Up 12.83% To $7.21 After Earnings Beat

Liberty Latin America Ltd Class A (LILA) reported better than expected earnings this afternoon for Q3 2023.

Wall Street earnings per share (EPS) projections for Liberty Latin America Cl A were at a loss of $0.12 per share. The company beat those estimates with an EPS of $0.29. The earnings per share of $0.29 (which represents a -342% EPS surprise) led to the company's profits falling 24% compared to last year when the firm reported an EPS of $0.38. The decline in Liberty Latin America Cl A's annual growth rate represents how the business isn't performing well amid current economic conditions.

Consensus estimates for Liberty Latin America Cl A revenue averaged out to $1.1 billion, with the business missing on those expectations with reported third-quarter revenue of $1.1 billion. The $4 million (0%) negative revenue surprise led to negative 8% growth year-over-year as the firm reported revenue of $1.2 billion in its year-ago quarter. The lower earnings growth compared to revenue points to Liberty Latin America Cl A not being able to improve its profit margin.

The stock is up 12.83% to $7.21 after the report.

The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.

Wall Street Analysts had an average rating of Buy on the stock prior to the report.

InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading.

Liberty Latin America Cl A has performed poorly during the past few months, garnering a low Long-Term Technical Rank by InvestorsObserver of 15, putting Liberty Latin America Cl A in the bottom 25% of stocks. The firm was recently trading at a 52-week low of $6.36 on November 9, 2023 and set a 52-week high on February 2, 2023 at $10.01.

Liberty Latin America Ltd is a telecommunications company. It is a provider of video, broadband internet, fixed-line telephony and mobile services to residential and business customers. The company's reportable segments include C&W Caribbean and Networks, C&W Panama, VTR, Liberty Puerto Rico and Costa Rica.