Cheddar Was Sold to Altice USA (ATUS) for $200 Million - WSJ
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Altice USA (ATUS) Misses Q1 EPS by 11c; Affirms Growth Outlook
May 2, 2019 4:29 PM EDTAltice USA (NYSE: ATUS) reported Q1 EPS of ($0.04), $0.11 worse than the analyst estimate of $0.07. Revenue for the quarter came in at $2.4 billion versus the consensus estimate of $2.4 billion.
Altice USA Key Financial Highlights
Revenue growth +2.9% YoY in Q1 2019 to $2.40 billion, driven by Residential revenue growth of +2.4%, Business services revenue growth of +5.3% and advertising revenue growth of +6.8%.Net loss reduced to $25 million in Q1 2019, or $0.04/share (from $129 million in Q1 2018, or $0.17/share).Adjusted EBITDA grew +5.3% YoY to $1.03 billion, an Adjusted... MoreNomura/Instinet Reiterates Buy Rating on Altice-USA (ATUS)
May 1, 2019 7:05 AM EDTNomura/Instinet analyst Gregory McNiff reiterated a Buy rating and $25.00 price target on Altice-USA (NYSE: ATUS) following the company's announced acquisition of Cheddar for $200mn in an all-cash transaction. McNiff views the acquisition as a savvy move to expand Altices advertising distribution... More
