AP NEWS

Alaska Communications: 2Q Earnings Snapshot

August 6, 2018

ANCHORAGE, Alaska (AP) _ Alaska Communications Systems Group Inc. (ALSK) on Monday reported second-quarter net income of $3.4 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Anchorage, Alaska-based company said it had net income of 6 cents.

The Alaskan broadband and service company posted revenue of $59.6 million in the period.

Alaska Communications expects full-year revenue in the range of $225 million to $230 million.

In the final minutes of trading on Monday, the company’s shares hit $1.71. A year ago, they were trading at $2.36.

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

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