Zayo Group: Fiscal 4Q Earnings Snapshot

August 22, 2018

BOULDER, Colo. (AP) _ Zayo Group Holdings Inc. (ZAYO) on Wednesday reported fiscal fourth-quarter earnings of $43.8 million.

The Boulder, Colorado-based company said it had profit of 18 cents per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.

The fiber optic bandwidth infrastructure company posted revenue of $657.6 million in the period, also topping Street forecasts. Eight analysts surveyed by Zacks expected $657.5 million.

For the year, the company reported profit of $101.9 million, or 41 cents per share. Revenue was reported as $2.6 billion.

Zayo Group shares have increased almost 2 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $37.50, a climb of 11 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ZAYO at https://www.zacks.com/ap/ZAYO

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