IHS Holding Ltd. (IHS) reported Tuesday a net loss attributable to the company for the first quarter of $1.56 billion or $4.67 per share, compared to net income of $7.78 million or $0.03 per share in the prior-year quarter.
The results for the latest quarter included $1.40 billion related to unrealized foreign exchange losses.
On average, four analysts polled by Thomson Reuters expected the company to report a loss of $0.01 per share for the quarter. Analysts' estimates typically exclude special items.
Revenue for the quarter decreased 30.7 percent to $417.74 million from $602.53 million in the same quarter last year. Organic revenue increased 35.5 percent. Analysts expected revenue of $394.58 million for the quarter.
Looking ahead to fiscal 2024, the company continues to expect revenues between $1.70 billion and $1.73 billion for the year. The Street is looking for revenues of $1.74 billion for the year.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.