Shenandoah Telecom Co (SHEN) Misses Q1 EPS by 3c, Revenues Miss
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Shenandoah Telecommunications Company Reports First Quarter 2020 Results
April 30, 2020 6:01 AM EDTEDINBURG, Va., April 30, 2020 (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company (Shentel) (Nasdaq: SHEN) announced first quarter 2020 financial and operating results.
First Quarter 2020 Highlights
Generated $36.0 million in normalized free cash flow and $61.1 million in operating cash flow.Ended the quarter with $195.2 million of liquidity.Broadband revenues and Adjusted OIBDA increased 6.2%, and 4.3%, respectively. Operating income was flat with prior year.Launched Glo Fiber into three new markets increasing homes passed to over 5,000."Although we do not operate in the densely populated... More
