09:06 AM EDT, 05/14/2024 (MT Newswires) -- IHS Holding ( IHS ) reported a Q1 loss Tuesday of $4.67 per diluted share, swinging from earnings of $0.03 a year earlier.

Analysts polled by Capital IQ expected a loss of $0.04.

Revenue for the quarter ended March 31 was $417.7 million, down from $602.5 million a year earlier.

Four analysts surveyed by Capital IQ expected $394.0 million.

The company maintained its full-year 2024 revenue guidance of $1.70 billion to $1.73 billion. Analysts surveyed by Capital IQ expect $1.73 billion.

Shares of the telecommunications tower company fell 3.4% in recent Tuesday premarket activity.

Price: 3.7200, Change: -0.13, Percent Change: -3.38