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Uniti shares crater after slight earnings miss

Lucas Baird
Lucas BairdReporter

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A slight miss on first-half earnings estimates has cost infrastructure-focused telco Uniti Group dearly. Its shares fell 12 per cent on Tuesday despite profits soaring nearly eight times higher than the prior corresponding period.

Uniti CEO Mick Simmons.  Janie Barrett

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Lucas Baird is a journalist based in The Australian Financial Review's Sydney office. Connect with Lucas on Twitter. Email Lucas at lucas.baird@afr.com

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    Original URL: https://www.afr.com/companies/telecommunications/uniti-profits-soar-as-order-book-grows-20220222-p59yi9