IHS Holding (NYSE:IHS) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$435.4m (down 20% from 2Q 2023).

• Net loss: US$121.1m (loss narrowed by 90% from 2Q 2023).

• US$0.36 loss per share (improved from US$3.79 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

IHS Holding Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Telecom industry in the US.

Performance of the American Telecom industry.

The company's shares are up 20% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for IHS Holding that you should be aware of.

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