AMX's performance in the fourth quarter of 2024 is supported by consistent growth in the Service and Equipment sectors, even though costs are rising.
Amer Movil (AMX) reported quarterly earnings of $0.15 per share, which is lower than the Zacks Consensus Estimate of $0.31 per share. This is a decrease compared to earnings of $0.33 per share from the same period last year.
On Tuesday, America Movil, a major telecommunications company in Mexico, announced that its net profit for the fourth quarter dropped by 48%, which was much lower than what analysts had predicted. The company attributed this decline to losses from foreign exchange, despite an increase in its revenues.
Amer Movil (AMX) shared its earnings report 30 days ago. What can we expect for the stock moving forward?
On October 16, 2024, at 11:00 AM ET, América Móvil, S.A.B. de C.V. (NYSE:AMX) held its Q3 2024 earnings call. The call featured company leaders such as Daniela Lecuona, Daniel Hajj, Carlos Garcia Moreno, and Oscar von Hauske, along with participants from various financial institutions. The operator welcomed everyone to the call with a good morning.
Shares of the Mexican telecommunications company America Movil rose by 2% during Wednesday morning trading after the firm announced impressive results for the third quarter.
AMX's performance in the third quarter of 2024 is boosted by solid growth in both the Service and Equipment sectors.
On Tuesday, America Movil, a major telecommunications company in Mexico, announced that its net profit in the third quarter increased more than three times compared to the same period last year. The company attributed this growth to a weaker peso, which helped increase its foreign earnings, as well as lower financing costs.
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ICARO Media Group, an AI technology company for telecom and media, has signed a 10-year agreement with Claro Brazil, which has over 87 million mobile customers. This partnership, formed with RioVerde, aims to enhance monetization for Claro, a major player in the Latin American telecommunications market. Claro is owned by América Móvil, the largest mobile operator in the region.