Elisa shares drop on soft revenue figures By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 18 2024
0mins
Should l Buy ?
Source: Investing.com
Financial Performance: Elisa Oyj reported a 1.6% decline in revenue for Q3 2024, totaling €536 million, primarily due to lower equipment sales and traditional telecom service usage, despite a 4.8% increase in mobile service revenue.
Market Outlook: The company faces ongoing economic uncertainties and intense competition in the Finnish telecom market, leading to a cautious outlook for future revenue, with potential downside risks noted by analysts.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy ?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
