NII Holdings (NIHD) Releases Quarterly Earnings Results, Misses Expectations By $1.35 EPS
NII Holdings (NASDAQ:NIHD) announced its earnings results on Monday. The company reported ($3.65) earnings per share for the quarter, missing the analysts’ consensus estimate of ($2.30) by $1.35, AmericanBankingNews.com reports. The company had revenue of $969.00 million for the quarter, compared to the consensus estimate of $948.10 million.
On the ratings front, analysts at Gabelli downgraded shares of NII Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, May 14th. Six equities research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The company presently has an average rating of “Sell” and a consensus target price of $2.38.
Shares of NII Holdings (NASDAQ:NIHD) traded down 1.49% on Monday, hitting $0.655. The stock had a trading volume of 4,317,683 shares. NII Holdings has a one year low of $0.43 and a one year high of $7.50. The stock has a 50-day moving average of $0.67 and a 200-day moving average of $1.22. The company’s market cap is $112.9 million.
NII Holdings, Inc (NASDAQ:NIHD) is a holding company for the operations of Nextel Communications, Inc in selected International markets.
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