IHS Holding Limited (NYSE:IHS) reported its Q1 earnings results last week, posting revenues and EBITDA higher than the Street estimates.
Q1 revenue was $602.5 million, above the Street estimate of $569.85 million. Revenues included a $48 million non-recurring customer payment in Nigeria. EPS came in at $ 0.03, compared to the Street estimate of $0.18.
Management reiterated its previously provided 2023 guidance despite the beat, taking a cautious stance in light of expected FX volatility. For 2023, the company expects revenue to be in the range of $2.190-2.220 billion, compared to the Street estimate of $2.207 billion.