UNIT - Uniti Group reports mixed Q2 earnings; updates FY23 outlook

2023-08-03 08:08:07 ET

• Uniti Group press release ( NASDAQ: UNIT ): Q2 FFO of $0.34 beats by $0.04 .
• Revenue of $283.7M (-0.1% Y/Y) misses by $7.1M .
• The Company is updating its 2023 outlook primarily for transaction related and other costs incurred to date. Our 2023 outlook excludes future acquisitions, capital market transactions, and future transaction-related and other costs not mentioned herein: Revenue of $1,154M- $1,174M vs. consensus of $1.16B; Adjusted EBITDA of $915M-$935M; AFFO ^{of $373M-$$393M.}

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