Why Altice USA Fell More Than 12% Today

Shares of cable television and broadband service provider Altice USA (NYSE: ATUS) were down by 12.5% near the end of Thursday's trading session after a warning that the company would report a net loss of broadband subscribers for the current quarter.

According to reporting from Bloomberg, Altice CEO Dexter Goei cautioned investors attending a Goldman Sachs investor conference on Thursday that his company was on pace to lose between 15,000 and 20,000 subscribers for the quarter that will end this month.

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Source Fool.com