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Recap: HC2 Holdings Q3 Earnings

Benzinga Insights
·1 min read

Shares of HC2 Holdings (NYSE: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

View more earnings on HCHC

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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