Altice's (ATUS) Q4 Earnings Surpass Estimates, Down Y/Y
Zacks Investment Research | Feb 22, 2019 06:57AM ET
Altice USA, Inc. (NYSE:ATUS) reported healthy fourth-quarter 2018 results with improved subscriber trends, solid margins and growth in free cash flow.
Quarterly net income was $213.1 million or 30 cents per share compared with $2,242.5 million or $3.04 per share in the year-ago quarter. The significant decline in earnings, despite top-line improvement, was primarily due to higher income tax benefit in the year-earlier quarter. Adjusted earnings for the quarter were 31 cents per share, which comfortably beat the Zacks Consensus Estimate of 14 cents.
Altice USA, Inc. Price, Consensus and EPS Surprise
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