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Altice International Adjusts Earnings Outlook on Labs, FX

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Altice International changed its earnings outlook for the year as Patrick Drahi's embattled telecommunications empire continued to see parts of the business deteriorate.
Altice International has revised its earnings outlook downwards due to challenges in its data centers and adverse foreign exchange movements. The company, which operates in regions like France, Portugal, and Israel, cited issues at its Altice Labs division, which focuses on research and development for telecom technologies. Additionally, the strengthening of the US dollar against other currencies has negatively impacted its financial performance. This adjustment reflects the broader difficulties faced by multinational companies dealing with currency fluctuations and operational setbacks in specialized tech divisions.

Read the Full Bloomberg L.P. Article at [ https://www.bloomberg.com/news/articles/2024-11-27/altice-international-lowers-earnings-outlook-on-labs-fx-woes ]