GCI Liberty, Inc. (GLIBA) Reports Q2 Revenues Miss

GCI Liberty, Inc. (NASDAQ: GLIBA) reported Q2 EPS of $5.76, $5.06 better than the analyst estimate of $0.70. Revenue for the quarter came in at $210.98 million versus the consensus estimate of $224.8 million.

"GCI continued to make substantial financial and operational progress during the quarter,” said GCI CEO, Ron Duncan. “Despite the challenges of serving our customers in the midst of a pandemic, we added 3,700 consumer cable modem customers during the quarter. Our consumers responded to 5G service, faster speeds and improved coverage from our wireless network upgrades and we added 3,500 new consumer wireless subscribers sequentially. These gains played an important role in our strong Adjusted OIBDA growth for the quarter.”

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

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