IHS Holding Stock Gains 8% On Improved Profitability In Q4

(RTTNews) - IHS Holding Limited (IHS) is trading at $4.2470, up 8.62 percent or $0.3370 during Tuesday's trading, after reporting a net income of $243.1 million for the fourth quarter, a significant turnaround from a net loss of $456.8 million in the prior year.

The stock opened at $4.0500 and has traded between $4.0500 and $4.8500 so far, compared to a previous close of $3.9100 on the New York Stock exchange. Trading volume is 1.63 million shares, well above the average volume of 346,779. The stock's 52-week range is $2.4400 to $4.8500.

However, revenue declined to $437.8 million from $509.8 million year over year.