Locaweb Internet Services (BVMF:LWSA3) Third Quarter 2022 Results
Key Financial Results
- Revenue: R$304.3m (up 46% from 3Q 2021).
- Net loss: R$6.38m (loss widened by 71% from 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Locaweb Services of Internet Revenues Beat Expectations
Revenue exceeded analyst estimates by 1.8%.
Looking ahead, revenue is forecast to grow 19% pa on average during the next 3 years, compared to a 6.8% growth forecast for the IT industry in South America.
Performance of the market in Brazil.
The company’s shares are down 20% from a week ago.
Before you take the next step you should know about the 2 warning signs for Locaweb Internet Services (1 is a bit concerning!) that we have uncovered.
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