America Movil's Q3 Earnings and Revenues Rise Y/Y, Stock Gains

Zacks10-16

America Movil, S.A.B. de C.V. AMX reported net income per ADR of 11 cents for third-quarter 2024, up from 4 cents in the prior-year quarter. However, the earnings missed the Zacks Consensus Estimate ...

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However, the earnings missed the Zacks Consensus Estimate ...</p>\n\n<a href=\"https://finance.yahoo.com/news/america-movils-q3-earnings-revenues-125600860.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>America Movil's Q3 Earnings and Revenues Rise Y/Y, Stock Gains</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmerica Movil's Q3 Earnings and Revenues Rise Y/Y, Stock Gains\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-16 20:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/america-movils-q3-earnings-revenues-125600860.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>America Movil, S.A.B. de C.V. AMX reported net income per ADR of 11 cents for third-quarter 2024, up from 4 cents in the prior-year quarter. However, the earnings missed the Zacks Consensus Estimate ...</p>\n\n<a href=\"https://finance.yahoo.com/news/america-movils-q3-earnings-revenues-125600860.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AMX","symbol_name":"美洲移动","start_time":0,"source_url":"https://finance.yahoo.com/news/america-movils-q3-earnings-revenues-125600860.html","article_id":"2476943510","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/_q6iBR_h4vSsD9R0vmzJ9A--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/f38705761433d43a7bfa416beff9b389"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2476943510","pubTimestamp":1729083360,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"America Movil, S.A.B. de C.V. AMX reported net income per ADR of 11 cents for third-quarter 2024, up from 4 cents in the prior-year quarter. However, the earnings missed the Zacks Consensus Estimate by 73.17%.Stay up-to-date with all quarterly releases: See ZacksEarnings Calendar.Net income in the quarter totaled Mex$6,427 million or Mex$0.10 per share compared with Mex$2,028 million or Mex$0.03 per share in the year-ago quarter.The company’s comprehensive financing cost was Mex$28,323 million, down 4.8% from the year-ago quarter’s Mex$29,740 million.Following the announcement, the company’s shares jumped 2% in the pre-market trading on Oct. 16, 2024. The stock has lost 4.1% in the past year compared with the sub-industry’s decline of 5.4%.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","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"AMX":"美洲移动"},"translate_title":"America Movil第三季度盈利和收入同比增长，股价上涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AMX":0.9},"content_text":"America Movil, S.A.B. de C.V. AMX reported net income per ADR of 11 cents for third-quarter 2024, up from 4 cents in the prior-year quarter. However, the earnings missed the Zacks Consensus Estimate by 73.17%.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Net income in the quarter totaled Mex$6,427 million or Mex$0.10 per share compared with Mex$2,028 million or Mex$0.03 per share in the year-ago quarter.The company’s comprehensive financing cost was Mex$28,323 million, down 4.8% from the year-ago quarter’s Mex$29,740 million.Following the announcement, the company’s shares jumped 2% in the pre-market trading on Oct. 16, 2024. The stock has lost 4.1% in the past year compared with the sub-industry’s decline of 5.4%.\nImage Source: Zacks Investment Research\nRevenues\nTotal quarterly revenues soared 9.6% to Mex$223,458 million, driven by healthy growth across the Service and Equipment segments businesses. Service revenues were Mex$188,170 million, up 11.3% year over year. Equipment revenues totaled Mex$32,247 million, up 3.7%.America Movil gained 1.8 million wireless subscribers in the third quarter. This figure includes 1.4 million postpaid subscribers. Brazil, Mexico and Colombia were the primary contributors to postpaid subscriber growth. The company had 315.8 million wireless subscribers at the third-quarter end.On the fixed-line, Broadband and Television platforms, the company ended the quarter with 74.6 million revenue-generating units.\nAmerica Movil, S.A.B. de C.V. Unsponsored ADR Price, Consensus and EPS Surprise\n\n\nAmerica 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\n\nThe telco operates in multiple regions, namely Mexico, Brazil, Colombia, Peru, Ecuador, Argentina, Central America, the Caribbean, Austria and Other European countries.Of these countries, Ecuador witnessed a year-over-year revenue decline of 2.3% to $253 million. The downside resulted from a slowdown across all revenue segments owing to various macroeconomic headwinds.Argentina’s revenues came in at ARS 493,726 million, up 10% from the year-ago quarter. The expansion resulted from increasing service revenues amid a downward trend 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 4.5% to COP 3,905 billion, owing to strength in equipment revenues. Revenues from Mexico, Brazil, Peru, Central America, and Other European regions witnessed year-over-year growth of 2.3%, 7.4%, 4.1%, 7.5%, and 4.7%, respectively. Revenues from Austria and the Caribbean declined 0.6% and 0.7%, respectively.\nOther Quarterly Details\nTotal costs and expenses were Mex$134,036 million, up 8.1% from the year-ago quarter. Overall, Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) increased 11.9% to Mex$89,422 million. The EBITDA margin came in at 40% compared with 39.2% in the year-ago quarter. The company’s operating profit rose 14.2% to Mex$47,443 million.\nLiquidity\nAs of Sept. 30, 2024, America Movil had Mex$82,809 million in cash, marketable securities and other short-term investments with Mex$428,167 million of long-term debt.\nAMX’s Zacks Rank & Other Stocks to Consider\nAt present, AMX carries a Zacks Rank #2 (Buy).Some other top-ranked stocks from the broader technology space are Workday Inc. WDAY, Cirrus Logic, Inc. CRUS, and SS&C Technologies Holdings, Inc. SSNC. WDAY & CRUS presently sport a Zacks Rank #1 (Strong Buy), whereas SSNC carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.WDAY is a leading provider of enterprise-level software solutions for financial management and human resource domains. The company’s cloud-based platform combines finance and HR in a single system, making it easier for organizations to provide analytical insights and decision support. In the last reported quarter, it delivered an earnings surprise of 7.36%.SS&C Technologies Holdings delivered an earnings surprise of 3.1%, on average, in the trailing four quarters. In the last reported quarter, SSNC pulled off an earnings surprise of 4.9%. The Zacks Consensus Estimate for its earnings is pegged at $5.18.Cirrus Logic’s performance is driven by increasing shipments in the smartphone market. Steady momentum in the laptop market and standout next-generation flagship smartphone design cushion the top line. CRUS delivered an earnings surprise of 56.6%, on average, in the trailing four quarters.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nAmerica Movil, S.A.B. de C.V. Unsponsored ADR (AMX) : Free Stock Analysis Report\nCirrus Logic, Inc. (CRUS) : Free Stock Analysis Report\nSS&C Technologies Holdings, Inc. (SSNC) : Free Stock Analysis Report\nWorkday, Inc. (WDAY) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2476943510"}