Altice USA Q1 2024 GAAP EPS $(0.05) Misses $0.01 Estimate, Sales $2.251B Beat $2.239B Estimate
Portfolio Pulse from Benzinga Newsdesk
Altice USA (NYSE:ATUS) reported Q1 2024 earnings with a GAAP EPS of $(0.05), missing the $0.01 estimate, and sales of $2.251B, slightly beating the $2.239B estimate. This represents a 1.87% decrease in sales compared to the same period last year.

May 02, 2024 | 12:08 pm
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Altice USA reported a Q1 2024 GAAP EPS of $(0.05), missing estimates, with sales of $2.251B slightly above expectations but down 1.87% YOY.
The miss in EPS expectations by 600% is significant and likely to negatively impact investor sentiment in the short term. Although the sales beat estimates, the year-over-year decline further contributes to a negative outlook. The combination of missing EPS estimates and declining sales is typically seen unfavorably by the market, suggesting a potential short-term decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100