Uniti Group Inc
UNIT: XNAS (USA)
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Uniti Earnings: Residential Weakness Weighs on Profitability Even as Fiber Demand Remains Solid
Uniti delivered weak third-quarter results, with revenue down 10% on continued deterioration in the consumer business and slower fiber sales. While consumer weakness will likely persist, the firm expects very strong enterprise fiber sales in the fourth quarter as hyperscale demand materializes.
