Consolidated Comms Hldgs Q4 Adj EPS $(0.26) Beats $(0.36) Estimate, Sales $275.18M Miss $276.94M Estimate
Portfolio Pulse from Benzinga Newsdesk
Consolidated Communications Holdings (CNSL) reported Q4 adjusted EPS of $(0.26), surpassing the $(0.36) estimate but saw a 62.5% decrease from the previous year. Sales were $275.18M, missing the $276.94M estimate and marking a 7.03% decrease year-over-year.
March 05, 2024 | 1:02 pm
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CNSL reported a Q4 adjusted EPS of $(0.26), beating estimates but with a significant decrease from the previous year. Sales missed estimates and showed a year-over-year decline.
While CNSL beat EPS estimates, the significant year-over-year decrease in both EPS and sales could concern investors. The mixed results—beating EPS estimates but missing on sales and showing declines—suggest a neutral short-term impact on the stock price.
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