Millicom International Swings To Profit In Q2
(RTTNews) - Millicom International Cellular S.A. (TIGO) reported Friday net profit for the second quarter of $78 million or $0.46 per share, compared to a net loss of $22 million or $0.13 per share in the prior-year quarter.
Revenues for the quarter grew 4.7 percent to $1.46 billion from $1.39 billion in the same quarter last year. Organic revenue was up 1.4 percent.
On average, analysts expected the company to report earnings of $0.50 per share on revenues of $1.48 billion for the quarter, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
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Canadian Dollar Rises Against Majors
The Canadian dollar strengthened against other major currencies in the Asian session on Wednesday.
The Canadian dollar rose to more than a 4-1/2-month high of 0.8943 against the Australian dollar, from yesterday's closing value of 0.8955.
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5h 26min ago
Japan Leading Index Data Due On Wednesday
Japan will on Wednesday see October results for its leading and coincident indexes, highlighting a light day for Asia-Pacific economic activity.
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11h 31min ago
TSX Ends Shortened Session On Firm Note
The Canadian market ended the shortened trading session on Tuesday modestly higher thanks to gains in energy and technology sectors. The volume of business remained rather thin as investors refrained from making significant moves ahead of Christmas and Boxing Day holidays.
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15h 49min ago
Swiss Franc Weakens Against Most Majors
The Swiss franc declined against its most major counterparts in the New York session on Tuesday.
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17h 24min ago
Pound Climbs Against Majors
The pound rose against its major counterparts in the New York session on Tuesday.
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18h 11min ago
European Stocks Close Higher On Thin Volumes Ahead Of Christmas Holidays
European stocks posted marginal gains in the shortened trading session on Tuesday, with investors mostly staying away on the sidelines ahead of Christmas holidays. Some major markets in the region remained shut for Christmas Eve.
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19h 47min ago
Bay Street Likely To Open Slightly Higher
Canadian shares are likely to open higher on Tuesday, and trading may be a bit lackluster and volumes rather thin as the market will close at 1 pm, and remain closed on Wednesday and Thursday for Christmas and Boxing Day holidays.
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21h 32min ago
Indian Rupee Hits Record Low Against U.S. Dollar
The Indian rupee weakened against the U.S. dollar in the European session on Tuesday.
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22h 56min ago
