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ATUS WI - Altice USA Inc News Story

$17.71 0.0  0.1%

Last Trade - 08/06/18

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)
 ((; +33 1 4949 5182; Reuters
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