Uniti Group (NASDAQ:UNIT) shares rose nearly 12% since the company’s reported Q1 results last week, with revenue of $289.82 million coming in better than the Street estimate of $286.99 million. EPS was ($0.08), compared to the Street estimate of $0.03.

Management maintained guidance for revenue and EBITDA and updated FFO and AFFO guidance to reflect business unit level revisions and the impact from recent debt financings and transactions to date.

For fiscal 2023, the company expects revenue to be in the range of $1.154-$1.174 billion, compared to the Street estimate of $1.163 billion.