Cogent: 2Q Earnings Snapshot
WASHINGTON (AP) _ Cogent Communications Group Inc. (CCOI) on Thursday reported second-quarter earnings of $7.1 million.
The Washington-based company said it had net income of 16 cents per share.
The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share.
The internet service provider posted revenue of $134.8 million in the period, which also fell short of Street forecasts. Seven analysts surveyed by Zacks expected $136.3 million.
Cogent shares have increased 37% since the beginning of the year.