Consolidated Communications Posts Wider Loss From Cont. Ops. In Q4

(RTTNews) - Consolidated Communications Holdings, Inc. (CNSL) posted a fourth quarter loss from continuing operations of $47.29 million compared to a loss of $40.76 million, prior year. Loss per share from continuing operations was $0.52 compared to a loss of $0.46. Adjusted net loss per share from continuing operations was $0.26 compared to a loss of $0.17 in the fourth quarter of 2022. Net revenues declined to $275.18 million from $295.98 million, prior year.

As of Dec. 31, 2023, the company has cash and short-term investments of approximately $4.8 million and $214 million of available borrowing capacity on the revolving credit facility.

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