Altice USA Third Quarter 2024 Earnings: EPS Misses Expectations

Altice USA (NYSE:ATUS) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$2.23b (down 3.9% from 3Q 2023).
• Net loss: US$43.0m (down by 164% from US$66.8m profit in 3Q 2023).
• US$0.093 loss per share (down from US$0.15 profit in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Altice USA EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is expected to decline by 2.0% p.a. on average during the next 3 years, while revenues in the Media industry in the US are expected to grow by 3.6%.

Performance of the American Media industry.

The company's shares are down 1.9% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Altice USA has 4 warning signs (and 2 which make us uncomfortable) we think you should know about.

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