Consolidated Communications Q2 Results Top Estimates

Consolidated Communications Holdings reported Thursday Q2 adjusted net profit of $0.16 per share, up from $0.20 per share in the prior year period and came in higher than the $0.08 per share Street estimate provided by Capital IQ.

Net revenues were $170 million, down from $186.9 million reported for the same period last year and came in higher than the $169.7 million Street estimate. For 2017, the company expects capital expenditures to reach $230 million to $235 million.

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