Axtel. de Second Quarter 2024 Earnings: Mex$0.10 loss per share (vs Mex$0.022 profit in 2Q 2023)

Axtel. de (BMV:AXTELCPO) Second Quarter 2024 Results

Key Financial Results

• Revenue: Mex$5.39b (up 105% from 2Q 2023).
• Net loss: Mex$271.2m (down from Mex$63.5m profit in 2Q 2023).
• Mex$0.10 loss per share (down from Mex$0.022 profit in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Axtel. de Earnings Insights

Looking ahead, revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Telecom industry in South America.

Performance of the market in Mexico.

The company's shares are down 2.3% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Axtel. de (1 is a bit unpleasant!) that you should be aware of.

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