Altice's Q3 Loss Wider Than Expected, Revenues Decline Y/Y
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Altice USA (ATUS) reported a wider-than-expected loss for Q3, with revenues declining year-over-year due to demand softness in several segments amid macroeconomic challenges.

November 05, 2024 | 4:00 pm
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NEGATIVE IMPACT
Altice USA reported a wider-than-expected loss for Q3, with revenues declining year-over-year due to demand softness in several segments amid macroeconomic challenges.
The report of a wider-than-expected loss and declining revenues is likely to negatively impact Altice USA's stock price in the short term. The demand softness in several segments and macroeconomic headwinds contribute to a negative outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100