LITTLE ROCK, Ark. (AP) — LITTLE ROCK, Ark. (AP) — Uniti Group Inc. (UNIT) on Monday reported a loss of $70.3 million in its first quarter.
On a per-share basis, the Little Rock, Arkansas-based company said it had a loss of 34 cents.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 42 cents per share.
The real estate investment trust posted revenue of $987.5 million in the period.
Uniti expects full-year revenue in the range of $3.61 billion to $3.66 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UNIT at https://www.zacks.com/ap/UNIT
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