WASHINGTON (AP) — WASHINGTON (AP) — Cogent Communications Group Inc. (CCOI) on Thursday reported a loss of $52 million in its first quarter.
On a per-share basis, the Washington-based company said it had a loss of $1.09.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of $1.05 per share.
The internet service provider posted revenue of $247 million in the period, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $250.2 million.
Cogent shares have declined 31% since the beginning of the year.
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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 CCOI at https://www.zacks.com/ap/CCOI
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