Why Altice Stock Plunged Today [The Motley Fool]
Altice USA, Inc. Class A (ATUS)
Last altice usa, inc. class a earnings: 2/12 04:05 pm
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US:NYSE Investor Relations:
investors.alticeusa.com/investors/overview/default.aspx
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Source: The Motley Fool
Why Altice Stock Plunged Today The cable company missed earnings estimates and cut its outlook for the year. Shares of Altice ( NYSE:ATUS ) have plunged today, down by 20% as of 11:50 a.m. EST, after the company reported third-quarter earnings. The cable operator missed on both top and bottom lines and cut its guidance for the year. Revneue in the third quarter came in at $2.44 billion, shy of the $2.48 billion that analysts were expecting. That translated into net income of $77 million, or $0.12 per share, while the consensus estimate had called for $0.15 per share in profits. Altice lost 32,000 video customers during the quarter as cord-cutting continues to hurt traditional cable operators. "We're pleased that our customer-focused initiatives are already contributing to strong underlying customer trends, reflecting the benefits of our increased investments in our networks, products and the customer experience," CEO Dexter Goei said in a statement. "As we now turn our focus to scali
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News
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ATUS
Earnings
- 11/4/24 - Miss
ATUS
Sec Filings
- 11/22/24 - Form 4
- 11/21/24 - Form 4
- 11/20/24 - Form 4
- ATUS's page on the SEC website