Zayo Group misses Q1 expectations
BOULDER — Zayo Group Holdings Inc. (NYSE: ZAYO), a broadband infrastructure provider, missed analyst expectations by 5 cents per share for the first quarter, posting an earnings per share of just 9 cents.
The company also missed slightly on revenue, with $643.5 million this quarter rather than the expected $644.93 million.
Revenue did grow year-over-year, however, improving by 27 percent from the same period in 2016, when revenue was $504.9 million.
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Net income grew from $15.7 million from the period that ended Sept. 30, 2016, to $23.2 million in the period that ended Sept. 30, 2017.
BOULDER — Zayo Group Holdings Inc. (NYSE: ZAYO), a broadband infrastructure provider, missed analyst expectations by 5 cents per share for the first quarter, posting an earnings per share of just 9 cents.
The company also missed slightly on revenue, with $643.5 million this quarter rather than the expected $644.93 million.
Revenue did grow year-over-year, however, improving by 27 percent from the same period in 2016, when revenue was $504.9 million.
Net income grew from $15.7 million from the period that ended Sept. 30, 2016, to $23.2 million in the period that…
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