Altice USA Q2 EPS $0.03 Misses $0.07 Estimate, Sales $2.24B Miss $2.26B Estimate
Portfolio Pulse from Benzinga Newsdesk
Altice USA (NYSE:ATUS) reported Q2 earnings of $0.03 per share, missing the analyst estimate of $0.07 by 57.14%. Sales were $2.24 billion, also missing the $2.26 billion estimate. Both earnings and sales showed declines compared to the same period last year.
August 01, 2024 | 11:08 am
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Altice USA reported Q2 earnings of $0.03 per share, missing the analyst estimate of $0.07 by 57.14%. Sales were $2.24 billion, also missing the $2.26 billion estimate. Both earnings and sales showed declines compared to the same period last year.
The significant miss on both earnings and sales estimates, along with year-over-year declines, is likely to negatively impact Altice USA's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100