Consolidated Communications Q3 Results Beat Views

Consolidated Communications (CNSL) reported pre-market Thursday Q3 results which were better-than-expected and reaffirmed its FY16 capex outlook.

Q3 adjusted EPS was $0.16 per share, down two cents from a year earlier but just above the $0.15 per share consensus of analysts polled by Capital IQ.

Revenues slipped to $191.5 million from $194.0 million but were above expectations for $188.6 million.

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For FY16, the company continues to expect capital expenditures of $125 million to $130 million. Full-year cash interest expense is seen at $72 million to $73 million, down from a prior view for $73 million to $75 million.

The company also said it will distribute an unchanged quarterly dividend of $0.38738 per share, payable on Feb. 1 to shareholders of record on Jan. 13.