Altice USA (ATUS) Misses Q3 EPS by 25c
Altice USA (NYSE: ATUS) reported Q3 EPS of ($0.01), $0.25 worse than the analyst estimate of $0.24. Revenue for the quarter came in at $2.43 billion versus the consensus estimate of $2.48 billion.
FY 2020 Financial Outlook: The Company continues to expect revenue (ex-mobile) and Adjusted EBITDA growth for 2020, and maintains guidance for capex of less than $1.3 billion for the year. The Company retains its leverage target of 4.5-5.0x (L2QA net debt to Adjusted EBITDA) for its CSC Holdings, LLC debt silo, reaching 4.8x as of Q3 2020 pro forma for the Lightpath transaction.
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