Shenandoah Telecom: 3Q Earnings Snapshot
EDINBURG, Va. (AP) _ Shenandoah Telecommunications Co. (SHEN) on Tuesday reported third-quarter earnings of $15.5 million.
On a per-share basis, the Edinburg, Virginia-based company said it had net income of 31 cents.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 15 cents per share.
The telecommunications service provider in parts of Maryland, Pennsylvania, Virginia and West Virginia posted revenue of $158.7 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $156.1 million.
Shenandoah Telecom shares have risen 13 percent since the beginning of the year. The stock has increased nearly 3 percent in the last 12 months.