Uniti reports $1.61B

net income for its 3Q

Uniti Group Inc. on Tuesday reported net income of $1.61 billion for its third quarter, a profit that includes a one-time gain related to its recent merger with Windstream.

The Little Rock-based company said per-share net income was $4.92 and that third-quarter revenue was $722.6 million.

"We saw outstanding growth in our fiber businesses during the quarter that was driven by strong and increasing industry demand from hyperscalers, large enterprises and residential customers," said Kenny Gunderman, President and Chief Executive Officer of Uniti.

Uniti said it expects full-year revenue in the range of $2.22 billion to $2.27 billion.

Finalization of accounting related to Uniti's merger in August with Windstream means the company was unable to

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