Investing.com - Consolidated Communications reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Consolidated Communications announced earnings per share of $-0.130 on revenue of $296.6M. Analysts polled by Investing.com anticipated EPS of $-0.010 on revenue of $292.39M.
Consolidated Communications shares are up 10.2% from the beginning of the year, still down 42.49% from its 52 week high of $8.99 set on November 15, 2021.
Consolidated Communications shares gained 0.58% in pre-market trade following the report.
Consolidated Communications follows other major Communication Services sector earnings this month
Consolidated Communications's report follows an earnings missed by Alphabet C on October 25, who reported EPS of $1.06 on revenue of $69.09B, compared to forecasts EPS of $1.28 on revenue of $71.34B.
Meta Platforms had missed expectations on October 26 with third quarter EPS of $1.64 on revenue of $27.71B, compared to forecast for EPS of $1.93 on revenue of $27.57B.
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