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.