America Movil, S.A.B. de C.V. AMX reported net income per ADR of 15 cents for the fourth-quarter 2024, down from 33 cents in the prior-year quarter. The earnings figure missed the Zacks Consensus Estimate by 51.6%.
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Net income in the quarter was Mex$9,480 million or Mex$0.15 per share compared with Mex$18,062 million or Mex$0.29 per share in the year-ago quarter.
The company’s comprehensive financing cost was Mex$29,850 million, up 91.2% from the year-ago quarter’s Mex$15,609 million.
Following the announcement, the company’s shares gained 1.2% and closed the session at $14.72 on Feb. 11, 2025. The stock has lost 12.7% in the past year compared with the Wireless Non-US industry’s decline of 1.2%.
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Total quarterly revenues soared 18% to Mex$236,940 million, driven by solid strength across the Service and Equipment segments businesses. Service revenues were Mex$196,253 million, up 19.1% year over year. Equipment revenues totaled Mex$37,101 million, rising 11%.
In the fourth quarter, AMX gained a total of 852,000 wireless subscribers. This included a net increase of 2.1 million postpaid subscribers, while the prepaid segment saw a decline of 1.3 million users. Brazil, Mexico and Colombia were the primary contributors to postpaid subscriber growth. The company had 323 million wireless subscribers at the end of December 2024.
On the fixed-line, Broadband and Television platforms, the company ended the quarter with 78 million revenue-generating units.
The telco operates in multiple regions, namely Mexico, Brazil, Colombia, Peru, Ecuador, Argentina, Central America, the Caribbean, Austria and Other European countries.
America Movil, S.A.B. de C.V. Unsponsored ADR Price, Consensus and EPS Surprise
America Movil, S.A.B. de C.V. Unsponsored ADR price-consensus-eps-surprise-chart | America Movil, S.A.B. de C.V. Unsponsored ADR Quote
Of these countries, the Caribbean witnessed a year-over-year revenue decline of 5.2% to $476 million. The downside resulted from a slowdown across all revenue segments owing to various macroeconomic pressures.
Argentina’s revenues came in at ARS 547,884 million, up 20.2% from the year-ago quarter. The expansion resulted from increasing service revenues amid soft trends in equipment revenues. The reported data for Argentina are presented in line with IAS29, reflecting the implications of inflationary accounting, as the Argentinean economy is “deemed” to be hyperinflationary for the third quarter of 2024. The company also stated that Argentina would be left out of all comparisons for consolidated data at constant exchange rates to maintain consistency.
Colombia’s revenues increased 12.2% to COP 4,360 billion, owing to strength in wireless revenues. Revenues from Austria, Brazil, Peru, Central America and Other European regions witnessed year-over-year growth of 2.9%, 7.4%, 4.5%, 9.6%, and 12.3%, respectively. Revenues from Mexico declined 0.7%.
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Total costs and expenses were Mex$145,832 million, up 19.1% from the year-ago quarter.
Overall, Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) increased 16.4% to Mex$91,108 million. The EBITDA margin came in at 38.5% compared with 39% in the year-ago quarter.
The company’s operating profit rose 11% to Mex$46,391 million.
As of Dec. 31, 2024, America Movil had Mex$83,336 million in cash, marketable securities and other short-term investments with Mex$464,271 million of long-term debt.
At present, AMX carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
BCE Inc. BCE reported fourth-quarter 2024 adjusted earnings per share (EPS) of C$0.79 (56 cents) compared with C$0.76 in the prior-year quarter. The Zacks Consensus Estimate was pegged at 50 cents.
Shares of BCE have plunged 38.3% in the past year.
PTC Inc PTC reported first-quarter fiscal 2025 non-GAAP EPS of $1.10, beating the Zacks Consensus Estimate by 20.9%. The company reported non-GAAP EPS of $1.11 in the prior-year quarter.
In the past year, shares of PTC have declined 5.5%.
CDW Corporation CDW reported fourth-quarter 2024 non-GAAP EPS of $2.48, beating the Zacks Consensus Estimate of $2.33. However, the bottom line contracted 3.5% year over year.
In the past year, CDW shares have declined 19.5%.
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Publish date : 2025-02-12 01:41:00
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