Consolidated Communications: Jumps on surprise Q4 profit

Consolidated Communications Holdings

20/02/2020 19:55

** Shares of data service provider  CNSL.O  rise ~27% to
$6.97 - an over eight-month high 
    ** Co set for best day in over 14 years
    ** CNSL posts Q4 EPS of 1 cent per share, beating analysts'
expectations of loss of 2 cents per share 
    ** Surpasses EPS expectations for sixth consecutive quarter;
revenue also beat estimates 
    ** Results buoyed by rise in data and transport service
revenue  urn:newsml:reuters.com:*:nGNX9D2Wch
    ** Stock among best performers across U.S. exchanges 
    ** Including session's gain, CNSL has risen ~78% YTD

 (Reporting by Abhishek Manikandan in Bengaluru)
 ((Abhishek.Manikandan@thomsonreuters.com))