Altice USA Shares Down 14% Since Q4 Miss
Altice USA (NYSE:ATUS) shares fell more than 14% since the company’s reported Q4 results on Wednesday, with EPS of ($0.43) coming in worse than the Street estimate of $0.21. Revenue was $2.37 billion, missing the Street estimate of $2.4 billion.
There were some positives in the results, namely some underlying improvement in customer losses and customer metrics, and a new senior management team that is bringing a fresh perspective and approach to running the business.
There were also some negatives, including commentary suggesting higher expense growth in 2023 than estimated, and a slower pace of line extension activity in 2023.
| Symbol | Price | %chg |
|---|---|---|
| TLKM.JK | 3350 | -0.3 |
| DNET.JK | 9000 | -1.11 |
| AMX.BA | 34660 | 0.29 |
| ISAT.JK | 1925 | 2.08 |
Altice USA Shares Down 14% Since Q4 Miss
Altice USA (NYSE:ATUS) shares fell more than 14% since the company’s reported Q4 results on Wednesday, with EPS of ($0.43) coming in worse than the Street estimate of $0.21. Revenue was $2.37 billion, missing the Street estimate of $2.4 billion.
There were some positives in the results, namely some underlying improvement in customer losses and customer metrics, and a new senior management team that is bringing a fresh perspective and approach to running the business.
There were also some negatives, including commentary suggesting higher expense growth in 2023 than estimated, and a slower pace of line extension activity in 2023.
