After spiking nearly 6% in regular trading Wednesday, Altice USA’s previously sagging stock price perked up again, by double digits during after-hours business, with the New York-headquartered cable operator reporting fourth-quarter earnings in line with equity analysts’ consensus forecasts.
Total revenue for Q4 was down 2.9% to $2.3 billion, and off 4.3% for all of 2023 to $9.24 billion. Both decline percentages improved from 2022, when Q4 sales dropped by 6% and full-year revenue by 4.4%.
