Yahoo Finance Airtel Africa Second Quarter 2023 Earnings: EPS Misses Expectations
Airtel Africa (LON:AAF) Second Quarter 2023 Results
Key Financial Results
Revenue: US$1.31b (up 13% from 2Q 2022).
Net income: US$133.0m (down 17% from 2Q 2022).
Profit margin: 10% (down from 14% in 2Q 2022). The decrease in margin was driven by higher expenses.
EPS: US$0.035 (down from US$0.043 in 2Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Airtel Africa EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 16%.
Looking ahead, revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Wireless Telecom industry in Europe.
Performance of the market in the United Kingdom.
The company's shares are up 6.7% from a week ago.
Risk Analysis
It is worth noting though that we have found 1 warning sign for Airtel Africa that you need to take into consideration.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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