Millicom International Cellular S.A. reports results for the quarter ended September 30 - Earnings Summary

• Millicom International Cellular S.A. reported quarterly adjusted earnings of 58 cents​​ per share for the quarter ended September 30, identical to the same quarter last year. The mean expectation of three analysts for the quarter was for earnings of $1.05 per share. Wall Street expected results to range from 87 cents to $1.23 per share.

• Revenue rose 60.3% to $2.28 billion from a year ago; analysts expected $2.23 billion.

• Millicom International Cellular S.A.'s reported EPS for the quarter was 58 cents​.

• The company reported quarterly net income of $98 million.

• Millicom International Cellular S.A. shares had fallen by 11.5% this quarter and gained 39.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 22.1% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 5 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the wireless telecommunications services peer group is "buy."

• Wall Street's median 12-month price target for Millicom International Cellular S.A. is $93.50, about 17.6% above its last closing price of $77.09

This summary was machine generated from LSEG data November 5 at 02:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)