Altice USA (NYSE: ATUS) reported Q1 EPS of ($0.04), $0.15 worse than the analyst estimate of $0.11. Revenue for the quarter came in at $2.45 billion versus the consensus estimate of $2.46 billion.

FY 2020 Outlook Update:

The company continues to target year-end leverage of 4.5-5.0x (L2QA net debt to Adjusted EBITDA) and continues to expect to complete $1.7 billion in share repurchases in 2020. Capex is now expected to be less than $1.3 billion for the year, supporting both Operating Free Cash Flow and Free Cash Flow growth YoY(1). Due to current market uncertainty, the company is withdrawing revenue and Adjusted EBITDA margin guidance and intends to provide an update later in 2020.

For earnings history and earnings-related data on Altice USA (ATUS) click here.