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Millicom International Swings To Profit In Q2
(RTTNews) - Millicom International Cellular S.A. (TIGO) reported Friday net profit for the second quarter of $78 million or $0.46 per share, compared to a net loss of $22 million or $0.13 per share in the prior-year quarter.
Revenues for the quarter grew 4.7 percent to $1.46 billion from $1.39 billion in the same quarter last year. Organic revenue was up 1.4 percent.
On average, analysts expected the company to report earnings of $0.50 per share on revenues of $1.48 billion for the quarter, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
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Canadian Market Modestly Higher; Technology Stocks Among Notable Gainers
The Canadian market is up in positive territory Friday afternoon with investors largely reacting to quarterly earnings announcements, and the nation's jobs data, in addition to weighing the impact of tariffs on global economic growth.
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1g 53 minut temu
Swiss Market Ends Marginally Up
The Switzerland market ended marginally up on Friday despite exhibiting weakness for much of the time past noon. Investors continued to react to earnings and assess the economic impact of reciprocal tariffs, and stayed largely cautious with their moves.
A report showing a drop in Swiss consumer confidence in the month of July hurt sentiment.
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2g 28 minut temu
Major European Markets Close On Mixed Note
Major European markets turned in a mixed performance on Friday with investors largely staying cautious, assessing the impact of tariffs on global economic growth, and continuing to digest corporate earnings announcements and other data.
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2g 52 minut temu
Positive Start Seen For Canadian Stocks
Canadian stocks may edge up a bit in early trades Friday morning with some encouraging earnings announcements and firm commodity prices aiding sentiment.
Investors will also be reacting to the data showing a 41,000 jobs drop in Canadian employment in the month of July. Data from Statistics Canada also showed that the unemployment rate in Canada came in unchanged at 6.9%.
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7g 25 minut temu
UK Market Roughly Flat; Mining Stocks Move Higher
Amid a lack of economic and earnings data, U.K. stocks are moving in a tight range in somewhat lackluster trade on Friday. Investors are assessing the potential impact of the Trump administration's reciprocal tariffs on global economic growth. Optimism about a rate cut by the Fed next month is aiding sentiment a bit.
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9g 19 minut temu
CAC 40 Climbs Higher For 3rd Straight Day
French stocks are modestly higher on Friday, extending gains to a third straight session, with mostly encouraging corporate earnings announcements aiding sentiment.
Concerns about the potential impact of Trump's reciprocal tariffs limit market's upside a bit.
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9g 38 minut temu
Sensex Plunges 765 Points On Tariff Worries; Nifty Ends Below 24,400
Indian shares fell sharply on Friday amid concerns that steep 50 percent U.S. tariffs on Indian goods may hut the country's manufacture push and slow economic growth.
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9g 52 minut temu
DAX Modestly Lower After Four-day Winning Streak
German stocks are down in negative territory on Friday, drifting lower after four successive days of gains, as some disappointing earnings announcements, and concerns about the impact of tariffs imposed by U.S. President Donald Trump weigh on sentiment.
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