Uniti Group (NASDAQ: UNIT) reported Q3 EPS of $0.01, $0.02 worse than the analyst estimate of $0.03. Revenue for the quarter came in at $252.6 million versus the consensus estimate of $253.97 million.

Revenues of $252.6 Million for the Third Quarter
Net income of $0.01 Per Diluted Common Share for the Third Quarter
AFFO Per Diluted Common Share of $0.62 for the Third Quarter
Updates 2018 Financial Outlook

LITTLE ROCK, Ark., Nov. 01, 2018 (GLOBE NEWSWIRE) -- Uniti Group Inc. ("Uniti" or the “Company”) (Nasdaq: UNIT) today announced its results for the third quarter 2018.

“We are pleased to announce the acquisition of Information Transport Solutions, Inc., a full service provider of technology solutions for educational institutions in the Southeast. This acquisition expands Uniti Fiber’s product offerings and strengthens relationships with many new and existing E-Rate customers,” commented Kenny Gunderman, President and Chief Executive Officer.

Mr. Gunderman continued “I also want to especially commend our Uniti Fiber team for their tremendous efforts managing through Hurricane Michael. Their advanced preparation and joint planning with our customers has been critical to limiting disruptions and restoring service as expeditiously as possible in affected areas. This was a very destructive storm in parts of Florida and restoration efforts by our Uniti Fiber team are ongoing.”

GUIDANCE:

Uniti Group sees FY2018 revenue of $1.012-1.017 billion, versus the consensus of $1.01 billion.

For earnings history and earnings-related data on Uniti Group (UNIT) click here.