Cogent: Fourth Quarter Earnings Overview
Cogent Communications Reports Fourth Quarter Financial Results
Cogent Communications Group Inc. announced on Friday that it recorded a net loss of $30.8 million for the fourth quarter.
The company, headquartered in Washington, reported a quarterly loss of 64 cents per share.
Despite the loss, Cogent outperformed analyst expectations, as five analysts polled by Zacks Investment Research had predicted a loss of $1.09 per share.
During the quarter, the internet service provider generated $240.5 million in revenue, which was slightly below the $243 million anticipated by analysts surveyed by Zacks.
For the full year, Cogent reported a total loss of $182.2 million, or $3.80 per share, with annual revenue reaching $975.8 million.
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