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Market Impact: 0.28

Uniti Group (UNIT) Reports Q1 Loss, Beats Revenue Estimates

UNIT
Corporate EarningsAnalyst EstimatesCompany Fundamentals

Uniti Group reported a quarterly loss of $0.34 per share, beating the Zacks Consensus Estimate of a $0.42 loss by $0.08 per share. That compares with earnings of $0.08 per share in the same quarter last year, indicating a year-over-year deterioration despite the modest earnings beat. The update is relevant for company fundamentals but is likely to have limited broader market impact.

Analysis

Uniti Group reported a quarterly loss of $0.34 per share, beating the Zacks Consensus Estimate of a $0.42 loss by $0.08 per share. That compares with earnings of $0.08 per share in the same quarter last year, indicating a year-over-year deterioration despite the modest earnings beat. The update is relevant for company fundamentals but is likely to have limited broader market impact.

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mildly positive

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UNIT0.18