The 10-second takeaway
For the quarter ended June 30 (Q2), General Communication met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded. GAAP earnings per share expanded.
Margins dropped across the board.
General Communication booked revenue of $189.7 million. The three analysts polled by S&P Capital IQ predicted a top line of $188.3 million on the same basis. GAAP reported sales were 7.7% higher than the prior-year quarter's $176.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
EPS came in at $0.10. The three earnings estimates compiled by S&P Capital IQ averaged $0.08 per share. GAAP EPS of $0.10 for Q2 were 11% higher than the prior-year quarter's $0.09 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
For the quarter, gross margin was 65.4%, 160 basis points worse than the prior-year quarter. Operating margin was 13.5%, 50 basis points worse than the prior-year quarter. Net margin was 2.2%, 10 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $202.7 million. On the bottom line, the average EPS estimate is $0.13.
Next year's average estimate for revenue is $779.1 million. The average EPS estimate is $0.38.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on General Communication is buy, with an average price target of $12.67.
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