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Uniti Group Swings Back to Second-Quarter Profit arkansasbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arkansasbusiness.com Daily Mail and Mail on Sunday newspapers.
Uniti Group Inc. reported second-quarter improvement in a key measure of profitability, after reporting a loss in the same quarter a year ago. The Little-Rock-based real estate investment trust reported funds from operations of $106.7 million, or 41 cents per share. ....
Send Uniti Group Inc. of Little Rock last week reported a net loss of $4.5 million, or 2 cents per diluted share, in the first quarter an improvement from the $80.3 million loss, or 41 cents per diluted share, the company saw in the first quarter of 2020. Earnings for the publicly traded real estate investment trust (Nasdaq: UNIT), a spinoff of Windstream Holding Inc. of Little Rock, fell short of analysts’ expectations of 41 cents per share. The company reported revenue of $272.6 million for the quarter, up slightly from $266.2 million a year ago. Uniti continues to see robust demand across all of its business segments, translating into the strong results we reported this quarter, President and CEO Kenny Gunderman said in a news release. This demand is being driven by further network densification efforts by our wireless customers in support of broader rollout of enhanced communication infrastructure technologies within our markets ....
Operator Welcome to Uniti Group s first-quarter 2021 conference call. My name is Cynthia, and I will be your operator for today s call. A webcast of this call will be available on Uniti s website, www.uniti.com, beginning May 6, 2021, and will remain available for 14 days. [Operator instructions] The company would like to remind you that today s remarks include forward-looking statements and actual results could differ materially from those projected in these statements. The factors that could cause actual results to differ are discussed in the company s filings with the SEC. The company s remarks this afternoon will reference slides posted on its website, and you re encouraged to refer to those materials during this call. Discussions during the call will also include certain financial measures not calculated in accordance with generally accepted accounting principles. Reconciliation of the non-GAAP financial measures to the most directly comparable GAAP financial measures ....
Operator Welcome to Uniti Group s fourth-quarter 2020 conference call. My name is Andrew and I will be your operator for today. A webcast of this call will be available on the company s website, www.uniti.com, beginning March 1, 2021 and will remain available for 14 days. [Operator instructions] The company would like to remind you that today s remarks include forward-looking statements, and actual results could differ materially from those projected in these statements. The factors that could cause actual results to differ are discussed in the company s filings with the SEC. The company s remarks this afternoon will reference slides posted on its website, and you are encouraged to refer to those materials during this call. All financial results as of, and for the three and 12 months ended December 31, 2020, are preliminary and reflect the company s best estimates based on information available as of the date hereof. Results are subject to change as the company works to co ....