Why Shares of Uniti Group Are Soaring Today
Shares of Uniti Group (NASDAQ: UNIT) surged on Tuesday after the communications infrastructure real estate investment trust reported its first-quarter results. Uniti stock was up 27% at 1:35 p.m. EDT. Uniti reported first-quarter revenue of $266.2 million, up 2% year over year and about $0.6 million higher than the average analyst estimate.