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LILA Liberty Latin America News Story

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Liberty Latin America Q1 operating income rises 13%

Overview

Caribbean and LatAm telecom's Q1 revenue was flat yr/yr at $1.08 bln, operating income rises 13%

Adjusted OIBDA for Q1 was flat, with hurricane and project timing as headwinds

Company to distribute $500 mln in preferred stock and resumed share buybacks

Outlook

Company intends to distribute $500 mln in preferred stock with a 9% dividend rate before end-Q2

Result Drivers

HURRICANE IMPACT - Full-quarter effect of Hurricane Melissa weighed on revenue and Adjusted OIBDA, especially in Liberty Caribbean

PROJECT TIMING - Lower B2B project revenue, especially in Liberty Networks and C&W Panama, affected results due to timing of project milestones

COST INITIATIVES - Cost reduction efforts, particularly in Puerto Rico, helped offset revenue declines and supported Adjusted OIBDA

Company press release: ID:nBw1LK86ha

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 Revenue$1.08 bln
Q1 Adjusted OIBDA$405 mln
Analyst Coverage The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell" Wall Street's median 12-month price target for Liberty Latin America Ltd is $8.00, about 1.8% below its May 6 closing price of $8.15 For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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