Array Digital Infrastructure Inc reports results for the quarter ended June 30 - Earnings Summary

• Array Digital Infrastructure Inc USM.N reported quarterly adjusted earnings of 36 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 20 cents. The mean expectation of four analysts for the quarter was for earnings of 30 cents per share. Wall Street expected results to range from 24 cents to 35 cents per share.

• Revenue fell 1.2% to $916.00 million from a year ago; analysts expected $910.82 million.

• Array Digital Infrastructure Inc's reported EPS for the quarter was 36 cents​.

• The company reported quarterly net income of $31 million.

• Array Digital Infrastructure Inc shares had risen by 16.1% this quarter and gained 18.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the wireless telecommunications services peer group is also "buy"

• Wall Street's median 12-month price target for Array Digital Infrastructure Inc is $82.00, about 9.5% above its last closing price of $74.25

This summary was machine generated from LSEG data August 11 at 02:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)