Shenandoah Telecom Co (SHEN) Tops Q2 EPS by 34c, Revenues Beat

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Go back to Shenandoah Telecom Co (SHEN) Tops Q2 EPS by 34c, Revenues Beat

Shenandoah Telecommunications Company Reports Second Quarter 2020 Results

July 30, 2020 6:01 AM EDT

EDINBURG, Va., July 30, 2020 (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company (Shentel) (Nasdaq: SHEN) announced second quarter 2020 financial and operating results.

Second Quarter 2020 Highlights

Record quarter for Broadband data net additions of 6,000Wireless prepaid gross and net additions grew 15.8% and 469.2%, respectively, over prior year periodSprint travel dispute favorably resolved with fee reset to $18.0 million per year for 2019 to 2021Operating cash flow was $67.8 million consistent with prior year periodNormalized free cash flow grew 38.5% to $46.1 million compared to the second quarter... More