Altice USA Third Quarter 2024 Earnings: EPS Misses Expectations

In This Article:

Altice USA (NYSE:ATUS) Third Quarter 2024 Results

Key Financial Results

  • Revenue: US$2.23b (down 3.9% from 3Q 2023).

  • Net loss: US$43.0m (down by 164% from US$66.8m profit in 3Q 2023).

  • US$0.093 loss per share (down from US$0.15 profit in 3Q 2023).

earnings-and-revenue-growth
NYSE:ATUS Earnings and Revenue Growth November 6th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Altice USA EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is expected to decline by 2.0% p.a. on average during the next 3 years, while revenues in the Media industry in the US are expected to grow by 3.6%.

Performance of the American Media industry.

The company's shares are down 1.9% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 4 warning signs for Altice USA (2 don't sit too well with us!) that you need to be mindful of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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