Altice USA (ATUS) Pots Q4 EPS of $3.06
Altice USA (NYSE: ATUS) reported Q4 EPS of $3.06, which may not compare to the analyst estimate of ($0.01). Revenue for the quarter came in at $2.37 billion versus the consensus estimate of $2.37 billion.
- Revenue growth of +3.2% YoY in FY 2017 (excluding Newsday); reported revenue growth of +1.9% YoY to $9.33 billion
- In Q4, reported revenue grew +2.6% YoY to $2.37 billion, driven by residential (B2C) revenuegrowth of 1.8%, business services (B2B) revenue growth of 5.1% and advertising revenuegrowth of 9.9%
- Adjusted EBITDA grew +19.5% YoY in FY 2017 to $4.01 billion; Adjusted EBITDA (excluding Newsday) margin increased 5.9 percentage points YoY to 42.9% (44.1% in Q4 2017)
- Operating Free Cash Flow2 grew +25.8% YoY in FY 2017 to $3.01 billion with an OpFCF margin of 32.3% vs. 26.5% in FY 2016 (OpFCF margin of 34.5% in Q4 2017) showing very strong cash flow conversion
For earnings history and earnings-related data on Altice USA (ATUS) click here.
