Altice USA Inc logo

ATUS WI - Altice USA Inc News Story

$17.71 0.0  0.1%

Last Trade - 08/06/18

Sector
Telecoms
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £7.06bn
Position in Universe th / 6851

Altice Europe beats Q2 core profit forecasts, lowers debt burden

Thu 30th July, 2020 4:32pm
PARIS, July 30 (Reuters) - Telecoms and cable group Altice
Europe  ATCA.AS  on Thursday posted a better-than-expected core
operating profit for the second quarter as the group managed to
contain the fallout from the COVID-19 pandemic on earnings by
adding new subscribers. 
    Adjusted earnings before interest, taxes, depreciation and
amortisation (EBITDA) edged 0.3% higher from a year to 1.44
billion euros  ($1.70 billion) in the period, above a consensus
forecast of 1.37 billion euros provided by the company. 
    Revenues were down by 1.2% to 3.54 billion euro, also
beating the consensus by close to a 100 million euros. 
($1 = 0.8488 euros)

 (Reporting by Mathieu Rosemain, Editing by Mathieu Rosemain)
 ((Mathieu.Rosemain@thomsonreuters.com; +33 1 4949 5182; Reuters
Messaging: mathieu.rosemain.thomsonreuters.com@reuters.net;
Twitter: https://twitter.com/MathieuRosemain))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.