Liberty Latin America Cl C (LILAK) said after close Thursday that it earned $0.29 per share in quarter three 2023.
On the revenue line, the company reported $1.1 billion, missing estimates by $4 million.
In the same quarter a year ago, the company earned $0.38 per share on revenue of $1.2 billion.
The stock is up 11.12% to $7.15 after the report.
Liberty Latin America Cl C's profit margins took a hit as earnings fell at a faster pace than revenues.
The average recommendation from Wall Street analysts was a Hold which may get revised based on this new data.
Trading in the five days leading up to the report earned Liberty Latin America Cl C a Bearish Sentiment Rank from InvestorsObserver.
Liberty Latin America Cl C has performed a little below average during the past few months. Before the report, Liberty Latin America Cl C received a Long-Term Technical Rank by InvestorsObserver of 29, putting it in the bottom half of stocks. The firm was recently trading at a 52-week low of $6.41 on November 9, 2023 and set a 52-week high on February 2, 2023 at $9.98.
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.
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Liberty Latin America Cl C Up 11.12% To $7.15 After Earnings Beat
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