nalinakshi

it is nearing major support area

NASDAQ:UNIT   UNITI GROUP INC
one can look for lklbuying in this area
Comment: Uniti Group (UNIT -8.6%) is holding on to after-hours gains of 2.8% after mixed results in its Q2 earnings, where revenue and headline FFO came up short but adjusted earnings and EBITDA beat expectations.

Shares were rebounding after today's decline linked to former spin parent Windstream's 36% drop driven by its dividend cancellation.

Revenues of $213M rose 13% with a heavy boost from Fiber Infrastructure, and narrowly missed expectations. EBITDA came to $179.6M, beating an expected $178.1M.

Uniti Fiber added $35M to revenues and $12.6M to adjusted EBITDA for the quarter.

Revenue breakout: Leasing, $170.9M (up 1.2%); Fiber infrastructure, $34.98M (up 154%); Towers, $2.46M (up 2,822%); Consumer CLEC, $4.66M (down 18.9%).

Cash and equivalents at quarter's end were $934M.

For the full year, it sees adjusted EBITDA of $748M-$753M (above an expected $742.3M), and adjusted FFO of $2.51-$2.55 (vs. consensus for $2.51).
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out