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Why Altice USA Stock Lost 17% Last Month

TheMotleyFool

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Why Altice USA Stock Lost 17% Last Month

Shares of Altice USA (NYSE: ATUS) were sliding last month after the cable and internet provider posted disappointing third-quarter results and lowered its full-year guidance. According to data from S&P Global Market Intelligence, the Optimum parent finished the month down 17%.

As you can see from the chart blow, those losses came almost entirely after the earnings report came out Nov. 5.