Millicom International Cellular (TIGO) Misses Q2 EPS by 20c

Millicom International Cellular (NASDAQ: TIGO) reported Q2 EPS of $0.46, $0.20 worse than the analyst estimate of $0.66. Revenue for the quarter came in at $1.46 billion versus the consensus estimate of $1.48 billion.

2024 Financial Targets

Millicom targets equity-free cash flow above $600 million in 2024, excluding proceeds for the previously-announced tower sale in Colombia. Millicom also targets leverage to near 2.5x at year-end 2024. Excluded from both targets are cash proceeds and related taxes stemming from any potential future tower transaction.

For earnings history and earnings-related data on Millicom International Cellular (TIGO) click here.

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