2023-08-02 07:27:21 ET
- Shenandoah press release ( NASDAQ: SHEN ): Q2 GAAP EPS of $0.04 beats by $0.04 .
- Revenue of $71.34M (+8.1% Y/Y) beats by $1.15M .
- Glo Fiber Markets revenue grew 101.3% to $8.2 million and Broadband revenue grew 8.6% to $66.7 million over the same period.
- “I am pleased with our solid execution of our Fiber First growth plan and the continued scaling of our fiber network. Broadband Adjusted EBITDA margin was 39% compared to 36% in the same period a year ago. We expect margins to increase as our Glo Fiber penetration rate grows,” said President and CEO, Christopher E. French.
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Shenandoah GAAP EPS of $0.04 beats by $0.04, revenue of $71.34M beats by $1.15M