Altice (ATUS) Q2 Earnings Miss Estimates, Top Line Falls Y/Y
Altice USA(ATUS) ZACKS·2024-08-02 22:01
Altice USA, Inc. (ATUS) reported soft second-quarter 2024 results, with both the top and bottom lines missing the Zacks Consensus Estimate. The company reported a revenue decline year over year, owing to soft demand trends in the Residential, News and Advertising segments. However, growth in mobile line and fiber customer net additions, focus on network upgrades, improving customer care, AI integration and financial discipline were the positives.Bottom LineAltice reported a net income of $15.4 million or 3 ...