UPDATE: GCI Liberty, Inc. (GLIBA) Reports Q3 EPS of $0.84, Revenues Beat

GCI Liberty, Inc. (NASDAQ: GLIBA) reported Q3 EPS of $0.84, $1.09 better than the analyst estimate of ($0.25). Revenue for the quarter came in at $221.028 million versus the consensus estimate of $215.8 million.

• GCI(2) total revenue grew 3% compared to the third quarter 2018
  • GCI Consumer revenue grew 5%, with Consumer data revenue up 8%
  • GCI Business revenue flat
• GCI operating income down $1 million, Adjusted OIBDA(3) up 5%

“We are starting to see the benefits of improvements in efficiencies and new products that we mentioned during the second quarter,” said GCI CEO, Ron Duncan. “We are making good progress on our 5G deployment and expect our Anchorage project, which covers an area approximately the size of Rhode Island, to be completed in 2020. Our customers are already starting to see significant benefits from that upgrade and we look forward to having one of the first 5G-NR compliant networks in the nation - certainly the northernmost.”

For earnings history and earnings-related data on GCI Liberty, Inc. (GLIBA) click here.

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