Altice USA: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Altice USA (NYSE:ATUS) reported Q4 earnings with a significant miss, posting an EPS of $-0.26 against an estimate of $0.07. Revenue also declined by $68.00 million year-over-year. This contrasts with the previous quarter where the company exceeded EPS estimates, leading to a 6.59% share price increase the following day. The company's past earnings performance shows a mixed track record.
February 14, 2024 | 9:15 pm
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Altice USA reported a significant miss in Q4 earnings with an EPS of $-0.26 compared to the estimated $0.07, and a year-over-year revenue decline of $68 million.
The significant miss in both EPS and revenue for Altice USA in Q4 is likely to negatively impact investor sentiment and the stock price in the short term. Historically, earnings misses have led to declines in stock prices as they often reflect underlying issues within the company or industry. Additionally, the contrast with the previous quarter's performance, where a beat in EPS estimates led to a stock price increase, further emphasizes the potential negative impact of this earnings report.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100