Shares of HC2 Holdings HCHC were unchanged in after-market trading after the company reported Q3 results.
Quarterly Results
Earnings per share decreased 68.75% year over year to ($0.27), which beat the estimate of ($0.35).
Revenue of $393,300,000 declined by 17.32% from the same period last year, which missed the estimate of $399,500,000.
Looking Ahead
Earnings guidance hasn't been issued by the company for now.
HC2 Holdings hasn't issued any revenue guidance for the time being.
Details Of The Call
Date: Nov 09, 2020
Time: 05:00 PM
ET Webcast URL: https://viavid.webcasts.com/starthere.jsp?ei=1392951&tp_key=98d2b744c8
Price Action
52-week high: $4.33
52-week low: $1.29
Price action over last quarter: down 14.95%
Company Profile
HC2 Holdings Inc operates as a diversified holding company engaged in seeking opportunities to acquire and grow businesses that can generate long-term sustainable free cash flow and attractive returns in order to maximize value for all stakeholders. It has eight reportable segments; Construction, Marine Services, Energy, Telecommunications, Insurance, Life Sciences, Broadcasting, and Other. It derives a majority of the revenue from the Telecommunications segment which comprises PTGi International Carrier Services, which operates an extensive network of direct routes and offers premium voice communication services for carrying a mix of business, residential and carrier long-distance traffic, data and transit traffic.
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