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LONDON -On Tuesday. IHS Holding Limited (NYSE:IHS), one of the largest independent owners and operators of telecommunications towers globally, reported fourth quarter earnings that beat analyst expectations.
The company’s shares were up 2.30% in premarket trading following the release.
The company posted adjusted earnings per share of $0.73, significantly above the $0.01 estimate. Revenue came in at $437.8 million, surpassing the $423.27 million consensus forecast.
IHS Towers saw organic revenue growth of 39.3% year-over-year in Q4, driven by foreign exchange resets, power indexation, escalations, and continued growth from new tenants and sites. This was partially offset by the impact of renewed contracts with MTN Nigeria.
"We’re reporting a strong performance in the fourth quarter, with our key metrics revenue, Adjusted EBITDA and ALFCF all ahead of our guidance," said Sam Darwish, IHS Towers Chairman and CEO. He noted the results reflect "both the continued strong secular trends we are seeing across our business, a more stable macroeconomic environment, as well as the significant commercial and financial progress we have made during 2024."
For the full year 2025, IHS Towers expects revenue between $1.68 billion and $1.71 billion, in line with analyst projections of $1.7 billion.
The company ended 2024 with 39,229 towers across its markets, up 896 year-over-year excluding disposals. Total (EPA:TTEF) tenants reached 59,343 with a colocation rate of 1.51x.
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