• Array Digital Infrastructure Inc AD.N reported quarterly adjusted earnings of $1.67​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 21 cents. The mean expectation of three analysts for the quarter was for earnings of $1.14 per share. Wall Street expected results to range from 63 cents to $1.64 per share.

• Revenue fell 94.2% to $52.01 million from a year ago; analysts expected $55.32 million.

• Array Digital Infrastructure Inc's reported EPS for the quarter was $2.06​.

• The company reported quarterly net income of $177.8 million.

• Array Digital Infrastructure Inc shares had risen by 6.8% this quarter and gained 10.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 251% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the wireless telecommunications services peer group is also "buy"

• Wall Street's median 12-month price target for Array Digital Infrastructure Inc is $54.00, about 8.7% above its last closing price of $49.30

This summary was machine generated from LSEG data May 8 at 03:29 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)