Zayo posts $650.6M in quarterly sales, says merger is on track
BOULDER — Zayo Group Holdings Inc. (NYSE: ZAYO) posted sales of $650.6 million last quarter as it continues to close a deal to sell itself to two investment groups.
The Boulder-based telecom infrastructure company’s revenue figures in its fiscal-year Q4 grew by 2 percent compared to the previous quarter, according to the earnings report filed with the U.S. Securities and Exchange Commission Wednesday afternoon. However, the most recent earnings are down 1 percent compared with the same quarter last year.
Those figures beat analyst estimates by $7.74 million, while the company’s earnings-per-share figure of 26 cents beat expectations by 11 cents.
Company executives…
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