IHS Holding gains on better-than-expected FY revenue forecast

IHS Holding

28/03/2023 13:56

** U.S.-listed shares of Telecom Infrastructure Developer
IHS Holding Limited  IHS.N  up 3.66% at $7.36 premarket
    ** Co forecasts FY 2023 revenue between $2.19 bln and $2.22
bln, above analysts' expectations of $2.09 bln 
    ** Posts Q4 revenue of $526.2 mln, beating Street estimates
of $486.84 mln -Refinitiv IBES
    ** Says it more than doubled Q4 revenue for LATAM segment to
$43.9 million
    ** All 7 brokerages covering the stock rate it "buy" or
higher; their median PT is $12.50
    ** Up to last close, stock had risen 15.45% this year; stock
fell 56.38% in 2022 

 (Reporting By Akshita Toshniwal)
 ((Akshita.Toshniwal@thomsonreuters.com))