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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

BUZZ-Altice Europe: Shares jump as Q2 exceeds expectations

Fri 31st July, 2020 8:26am
** Shares in Altice Europe  ATCA.AS  rise almost 8% as the
telecoms group beats Q2 expectations for core operating profit,
having managed to contain the fallout on earnings from the
COVID-19 pandemic by adding new subscribers  urn:newsml:reuters.com:*:nL5N2F18IN
    **  Q2 Adjusted EBITDA edged 0.3% higher y/y to EUR 1.44
bln($1.70 bln), above a company-provided consensus of EUR 1.37
bln
    ** "Altice's results highlight solid trends across most
units and a material beat in France (almost entirely due to
B2B)," JPMorgan says
    ** "Overall we see these results as supportive for the
shares," Credit Suisse adds, pointing to higher-than-expected
construction revenues and stable net debt
    ** Separately, Altice Europe's U.S. spin-off Altice USA
 ATUS.N  reports Q2 revenue of $2.47 bln, and EPS of $0.19, both
above Refinitiv consensus  urn:newsml:reuters.com:*:nASA00Z9M
    ** JPMorgan says Altice USA's broadband, EBITDA beats drive
H2 margin confidence
    ** Altice Europe's stock among top 5 performers on
pan-European STOXX 600 index  .STOXX 
    
    
    ($1 = 0.8488 euros)

 (piotr.lipinski@tr.com)
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