Consolidated Communications Holdings Earnings: Here’s Why Shares are Up Now

Consolidated Communications Holdings Inc. (NASDAQ:CNSL) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 1.67%.

Consolidated Communications Holdings Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 25.93% to $0.20 in the quarter versus EPS of $0.27 in the year-earlier quarter.

Revenue: Rose 70.96% to $160.1 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Consolidated Communications Holdings Inc. reported adjusted EPS income of $0.20 per share. By that measure, the company beat the mean analyst estimate of $0.17. It beat the average revenue estimate of $157.84 million.

Quoting Management: “We delivered another strong quarter of results reflecting our continued focus on profitable growth and increasing cash flow,” said Bob Currey, President and Chief Executive Officer. “With 1.8% growth in revenue and 5.8% growth in adjusted EBITDA, the results show we are delivering on the diversification benefits and synergy savings of the SureWest transaction as outlined when we announced the deal.”

Key Stats (on next page)…