Uniti Group Q2 2024 FFO $0.34 Misses $0.35 Estimate, Sales $294.947M Beat $289.912M Estimate
Portfolio Pulse from Benzinga Newsdesk
Uniti Group (NASDAQ:UNIT) reported Q2 2024 earnings per share (EPS) of $0.34, missing the analyst consensus estimate of $0.35 by 2.86%. However, the company reported quarterly sales of $294.947 million, beating the analyst consensus estimate of $289.912 million by 1.74%. This represents a 3.97% increase over sales of $283.698 million in the same period last year.
August 01, 2024 | 12:01 pm
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Uniti Group's Q2 2024 earnings per share (EPS) of $0.34 missed the analyst consensus estimate of $0.35 by 2.86%. However, the company reported quarterly sales of $294.947 million, beating the analyst consensus estimate of $289.912 million by 1.74%. This represents a 3.97% increase over sales of $283.698 million in the same period last year.
The mixed results, with EPS missing estimates but sales beating expectations, are likely to have a neutral short-term impact on UNIT's stock price. The slight miss in EPS may be offset by the positive sales performance and year-over-year growth.
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