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Altice to spend millions on internet upgrades in settlement with West Virginia
Techxplore· 2025-01-11 11:07
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: West Virginia Attorney General Patrick Morrisey speaks during a news conference at the state Capitol, in Charleston, W.Va., May 4, 2023. Credit: AP Photo/Jeff Dean, File The parent company of one of West Virginia's largest internet providers has reached a settlement with the state to resolve thousands of consumer complaints. U ...
MSG says Altice walked away from negotiations as Optimum saga takes another twist
New York Post· 2025-01-11 01:58
The ongoing saga between MSG Networks and Altice — the parent company of Optimum — has taken another turn. According to MSG Networks, Altice walked away from negotiations after pulling its last proposal as the search for an agreement that would include allowing Optimum customers to regain access to Knicks, Rangers, Islanders and Devils games dragged on. The previous deal, where Optimum paid MSG Networks $10 per subscriber, expired at midnight on Jan. 1, The Post’s Josh Kosman previously reported. Knicks fan ...
Can ATUS Stock Benefit From Expansion of Fiber Footprint?
ZACKS· 2024-11-22 16:15
Altice USA Inc. (ATUS) subsidiary Optimum has reached a milestone of 100% fiber connectivity across 500,000 residential customers. The unique feat was achieved on the back of significant investments to expand its fiber network footprint across its service areas. These include a $40 million investment in Long Island this year and a multi-million-dollar infrastructure upgrade in the Northeast markets over the last several years.Altice has also forayed into new markets to strengthen its regional presence. The ...
Altice USA Q3 Results: Too Much Competition And Concerns About Debt
Seeking Alpha· 2024-11-06 19:09
Altice USA, Inc. (NYSE: ATUS ) recently announced Q3 earnings , so I wanted to take a look at the numbers and talk a little about my concerns about the company’s turnaround potential. I believe it is going toMSc in Finance. Long-term horizon investor mostly with 5-10 year horizon. I like to keep investing simple. I believe a portfolio should consist of a mix of growth, value, and dividend-paying stocks but usually end up looking for value more than anything. I also sell options from time to time.Analyst’s D ...
Altice's Q3 Loss Wider Than Expected, Revenues Decline Y/Y
ZACKS· 2024-11-05 15:51
Altice USA, Inc. (ATUS) reported soft third-quarter 2024 results, with both adjusted earnings and revenues missing the Zacks Consensus Estimate.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The company reported a revenue decline year over year, owing to soft demand trends in the Residential, Business Services and Wholesale segments. However, growth in mobile line and fiber customer net additions, focus on network upgrades, improving customer care and financial discipline were the ...
Altice USA(ATUS) - 2024 Q3 - Earnings Call Transcript
2024-11-05 02:12
Altice USA, Inc. (NYSE:ATUS) Q3 2024 Earnings Conference Call November 4, 2024 4:30 PM ET Company Participants Sarah Freedman - IR Dennis Mathew - Chairman and CEO Marc Sirota - CFO Conference Call Participants Craig Moffett - Moffett Nathanson Jonathan Chaplin - New Street Research Kutgun Maral - Evercore ISI Jim Schneider - Goldman Sachs Frank Louthan - Raymond James Jessica Reif Ehrlich - Bank of America Sebastiano Petti - JPMorgan Operator Greetings, and welcome to the Altice USA Third Quarter 2024 Resu ...
Compared to Estimates, Altice USA (ATUS) Q3 Earnings: A Look at Key Metrics
ZACKS· 2024-11-05 00:36
Altice USA, Inc. (ATUS) reported $2.23 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 3.9%. EPS of -$0.09 for the same period compares to $0.15 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $2.24 billion, representing a surprise of -0.54%. The company delivered an EPS surprise of -550.00%, with the consensus EPS estimate being $0.02.While investors scrutinize revenue and earnings changes year-over-year and how they compare with ...
Altice USA(ATUS) - 2024 Q3 - Earnings Call Presentation
2024-11-04 23:56
| --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------| | | | | | | | | | | | | FORWARD-LOOKING STATEMENTS Certain statements in this presentation constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, all statements other than statements of historical facts contained in this presentation, including, without limitation, those regarding our intentions, beliefs or curr ...
Altice USA, Inc. (ATUS) Reports Q3 Loss, Misses Revenue Estimates
ZACKS· 2024-11-04 23:50
Altice USA, Inc. (ATUS) came out with a quarterly loss of $0.09 per share versus the Zacks Consensus Estimate of $0.02. This compares to earnings of $0.15 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -550%. A quarter ago, it was expected that this company would post earnings of $0.08 per share when it actually produced earnings of $0.03, delivering a surprise of -62.50%.Over the last four quarters, the company has not been ...
Altice USA(ATUS) - 2024 Q3 - Quarterly Report
2024-11-04 23:30
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Commission File Number Registrant; State of Incorporation; Address and Telephone Number IRS Employer Identification No. FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to 001-38126 38-3980194 Altice USA ...