Zayo Group’s stock drops following miss on Q4 expectations

BOULDER — Zayo Group (NYSE: ZAYO) had a net income of $23.2 million for its fourth quarter of 2017.

However, stock prices are down after the telecom company missed expectations on its top and bottom line: its EBITDA (or earnings before interest, taxes, depreciation or amortization) was $310.8 million, when the expectation was $314 million.

Despite the setback, the Boulder-based telecommunications company managed to grow its net profit to $23 million, up from a loss of $30.9 million during the same period last year.

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The company’s stock price was $32.97 when the markets closed Monday, a nearly 4 percent drop from before its earnings were released.