Zayo misses on earnings for third quarter; COO resigns

BOULDER — Zayo Group Inc. (NYSE: ZAYO) posted third-quarter earnings of 9 cents per share, missing analyst expectations by 1 cent.

As well as missing on earnings, the company’s president and chief operations officer is resigning.

Andrew Crouch’s resignation will take place immediately but he has no immediate plans. Zayo said the resignation is not related to his or the company’s performance

The Boulder-based telecom company also missed on revenue by $5.4 million; however, it did increase revenue year-over-year by 18 percent to $649 million.

About $532 million of the company’s revenue…