HC2 Holdings (HCHC) Reports Q1 Revenues Above Estimates

HC2 Holdings (NYSE: HCHC) reported Q1 EPS of ($0.81), versus ($0.49) reported last year. Revenue for the quarter came in at $453.69 million versus the consensus estimate of $376.32 million.

First Quarter Financial Highlights

• Net Revenue: For the first quarter of 2018, HC2 recorded consolidated total net revenue of $453.7 million, as compared to $390.6 million for the year-ago quarter. The $63.1 million or 16.2% year-over-year increase was driven primarily by contributions in Construction, Broadcasting, Telecommunications, and Insurance segments, offset by a decline in Marine Services.

For earnings history and earnings-related data on HC2 Holdings (HCHC) click here.

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