Windstream (WIN) Misses Earnings And Revenue Estimates In Q1
Zacks Investment Research | May 03, 2018 09:05PM ET
Windstream Holdings, Inc. (NASDAQ:WIN) reported tepid first-quarter 2018 financial results, wherein both the top line and the bottom line missed the respective Zacks Consensus Estimate. However, both the figures improved on a year-over-year basis.
Net Loss
For the reported quarter, the company incurred a net loss of $121.4 million or a loss of 65 cents per share compared with a net loss of $111.3 million or a loss of 89 cents per share in the year-ago quarter. The bottom line was wider than the Zacks Consensus Estimate of a loss of 59 cents.
Revenues
Total revenues increased 6% year over year to $1,454.3 million, supported by growing customer demand for strategic services including Unified Communications as a Service and SD-WAN, and improvement in broadband subscriber trend. The top line, however, missed the Zacks Consensus Estimate of $1,464 million.
Service revenues increased 7% year over year to $1,435.4 million. Consolidated margin improved 150 basis points year over year driven by strong expense management initiatives.
Product sales were down 11% year over year to $18.9 million.
In the reported quarter, total operating expenses were $1,385.3 million, up 5% year over year. Operating income came in at $69 million compared with $44.1 million in the prior-year quarter. Adjusted OIBDAR (operating income before depreciation and amortization and restructuring) came in at $500 million compared with $498.6 million in the year-ago quarter. Adjusted OIBDA was $336.3 million compared with $335.2 million in the year-ago quarter.
Windstream Holdings, Inc. Price, Consensus and EPS Surprise
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