Shares of Altice USA Inc. (ATUS) plunged 5.86% in pre-market trading on Thursday following the release of its second-quarter earnings report, which fell short of analyst expectations on multiple fronts.

The cable television provider reported a quarterly loss of $0.21 per share, significantly missing the analyst consensus estimate of a $0.05 loss. This represents a stark reversal from the $0.03 per share profit recorded in the same period last year. The company's revenue also disappointed, coming in at $2.147 billion, slightly below the projected $2.157 billion and marking a 4.15% decrease from the previous year's $2.240 billion.

Investors appear to be reacting negatively to Altice USA's wider-than-expected losses and the continued decline in revenue. The company's struggle to maintain its subscriber base in a highly competitive market, coupled with the broader challenges facing the cable TV industry, may be contributing to the bearish sentiment. As the market digests this underwhelming financial performance, traders will be closely watching for any strategic updates or guidance from Altice USA's management regarding plans to reverse these concerning trends.