Investing.com - Millicom reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Millicom announced earnings per share of $-0.18 on revenue of $1.39. Analysts polled by Investing.com EPS of $0.53 on revenue of $1.44B.
Millicom 's are down 11% and is trading at $10.62 , still down 71.30% from its 52 week high of $37.00 set on Monday, November 15, 2021.
Millicom shares lost 5.18% to trade at $10.62 in intra-day trade the report.
Millicom follows other major Communication Services sector earnings this month
Millicom's report follows an earnings missed by Alphabet C on Tuesday, who reported EPS of $1.06 on revenue of $69.09B, EPS of $1.28 on revenue of $71.34B.
Meta Platforms had missed expectations on Wednesday with third quarter EPS of $1.64 on revenue of $27.71B, for EPS of $1.93 on revenue of $27.57B.
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