Shares in Mexican telecommunications giant America Movil jumped 2% in Wednesday morning trading after the company reported strong results in the third quarter.
AMX's third-quarter 2024 performance is driven by strong momentum across the Service and Equipment segments.
Amer Movil (AMX) came out with quarterly earnings of $0.11 per share, missing the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.04 per share a year ago.
Mexican telecommunications giant America Movil reported on Tuesday that it more than tripled its net profit in the third quarter from a year ago, citing a weaker peso boosting its foreign earnings and lower financing costs.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
AMX, CNH and CNMD have been added to the Zacks Rank #5 (Strong Sell) List on August 5, 2024.
America Movil has seen resilient revenue growth in spite of currency headwinds. Growth in customer lifetime value has also been impressive. I take a bullish view on America Movil.
America Movil delivered reasonably good Q2'24 results, with inline revenue and outperformance in both service revenue and EBITDA. Core mobile and broadband performance was fine in both Mexico and Brazil, and there was evidence of improving market conditions in Argentina, Chile, and Colombia. Management's Investor Day guidance for capex was reassuring, with intended spending down 10% from the prior 3-year plan despite an ongoing focus on service quality differentiation.
América Móvil, S.A.B. de C.V. (NYSE:AMX ) Q2 2024 Earnings Conference Call July 17, 2024 11:00 AM ET Company Participants Daniela Lecuona - Head, Investor Relations Daniel Hajj - Chief Executive Officer Carlos García Moreno - Chief Financial Officer Oscar von Hauske - Chief Operating Officer Conference Call Participants Leonardo Olmos - UBS Walter Piecyk - LightShed Ventures Vitor Tomita - Goldman Sachs Phani Kanumuri - HSBC Lucca Brendim - Bank of America Carlos Legarreta - Itau Daniel Federle - Bradesco BBI Alejandro Lavin - Santander Juan Cruz - Morgan Stanley Operator Good morning.
America Movil's (AMX) second-quarter 2024 results reflect healthy momentum in the Service segment amid softness in the Equipment segment.
Mexican telecommunications giant America Movil on Tuesday posted a swing to a net loss of 1.09 billion Mexican pesos ($60 million), from revenues that nevertheless rose 1.5% to 205 billion pesos.