Consolidated Communications: 2Q Earnings Snapshot
MATTOON, Ill. (AP) _ Consolidated Communications Holdings Inc. (CNSL) on Thursday reported a loss of $10.6 million in its second quarter.
On a per-share basis, the Mattoon, Illinois-based company said it had a loss of 15 cents. Losses, adjusted for non-recurring costs and stock option expense, came to 10 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 9 cents per share.
The telecommunications company posted revenue of $350.2 million in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $351.3 million.
Consolidated Communications shares have declined roughly 1 percent since the beginning of the year. The stock has declined 34 percent in the last 12 months.