Altice (ATUS) Q4 Earnings Miss Estimates on Lower Revenues
Altice USA(ATUS) Zacks Investment Research·2024-02-16 02:26
Altice USA, Inc. (ATUS) reported mixed fourth-quarter 2023 results, with the top line surpassing the Zacks Consensus Estimate but the bottom line missing the same. 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 net additions, the company’s focus on network upgrades, improving customer care, AI integration and financial discipline are positive factors.Net IncomeAltice reported a net loss of $ ...