Millicom International Cellular (NASDAQ:TIGO) Announces Earnings Results

Market Beat
2026.02.27 20:52
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Millicom International Cellular (NASDAQ:TIGO) reported quarterly earnings of $1.50 EPS, exceeding estimates of $1.05. Revenue reached $1.65 billion, surpassing expectations of $1.49 billion, with a year-over-year increase of 15.7%. The company achieved a net margin of 19.58% and a return on equity of 10.81%. Despite near-term leverage pressures due to acquisitions, the stock rose 3.6% to $73.24. Analysts have set new price targets, with JPMorgan raising its target from $55.00 to $63.00 and maintaining an "overweight" rating.