Altice USA Q2 EPS $0.17 Beats $0.05 Estimate, Sales $2.32B Miss $2.33B Estimate
Portfolio Pulse from Benzinga Newsdesk
Altice USA reported Q2 earnings of $0.17 per share, beating the analyst consensus estimate of $0.05 by 240 percent, but marking a 26.09 percent decrease from the same period last year. The company's quarterly sales of $2.32 billion missed the analyst consensus estimate of $2.33 billion by 0.26 percent, and decreased by 5.64 percent from the same period last year.
August 04, 2023 | 12:16 pm
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NEUTRAL IMPACT
Altice USA's Q2 earnings beat estimates but sales missed and both earnings and sales decreased from last year.
While Altice USA beat earnings estimates, which could have a positive impact on the stock, the company missed sales estimates and both earnings and sales decreased from the same period last year, which could have a negative impact. Therefore, the overall short-term impact on the stock is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100