Altice USA reports Q3 EPS (9c), consensus 4c

Reports Q3 revenue $2.23B, consensus $2.24B. Q3 Residential revenue per user was $135.77, down 1.9% y/y. Dennis Mathew, Altice USA (ATUS) Chairman and Chief Executive Officer, said: “Over the last two years, we’ve made significant progress in strengthening our networks, stabilizing our operations, and setting a strong foundation for long-term growth. These efforts have resulted in positive momentum across our fiber and mobile product lines in the third quarter. Our focus remains on transforming our business for future growth with significant revenue opportunities, including expanding our advanced product portfolio, increasing penetration of our best-in-class fiber network, and driving operational efficiencies with a sustainable capital structure. Executing on these goals will drive free cash flow, increase shareholder value and support sustainable long-term growth over time.”