Zayo Group’s Q3 earnings per share up 240 percent

BOULDER — Zayo Group Holdings Inc. (NYSE: ZAYO) beat analyst expectations by 2 cents when it posted third-quarter earnings of 11 cents per share, an increase from the company’s loss of 8 cents per share during the same period in 2016.

Although revenue also grew — from $478 million in the third quarter 2016 to $550 million in 2017 — the Boulder-based company still missed analyst expectations by about $5 million.

Net income was $27 million, a 36 percent jump from Q3 2016, and operating income remained stable year-over-year at $90.7 million.

In March, Zayo…