Uniti Group reports Q3 EPS $4.92 vs 8c last year

Reports Q3 revenue $722.6M, consensus $762.95M. “We saw outstanding growth in our fiber businesses during the quarter that was driven by strong and increasing industry demand from hyperscalers, large enterprises and residential customers. At Kinetic, we implemented key initiatives to accelerate our fiber-to-the-home build, including key new additions to our leadership team and the on-boarding of third party construction partners, and now have a comprehensive plan in place to reach 3.5 million homes with fiber by 2029,” commented Kenny Gunderman, President and Chief Executive Officer of Uniti.