Altice USA (ATUS) Tops Q2 EPS by 4c

Altice USA (NYSE: ATUS) reported Q2 EPS of $0.19, $0.04 better than the analyst estimate of $0.15. Revenue for the quarter came in at $2.47 billion versus the consensus estimate of $2.44 billion.

FY 2020 Outlook Update:

• The company is reinstating guidance for 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 year-end leverage target of 4.5-5.0x (L2QA net debt to Adjusted EBITDA) for its CSC Holdings, LLC debt silo excluding Lightpath (Lightpath will be financed independently with its own debt silo following the completion of the sale of the minority stake) and continues to expect to complete $1.7 billion in share repurchases in 2020.

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

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