AP NEWS

Zayo Group: Fiscal 1Q Earnings Snapshot

November 6, 2019

BOULDER, Colo. (AP) _ Zayo Group Holdings Inc. (ZAYO) on Wednesday reported fiscal first-quarter earnings of $17.9 million.

On a per-share basis, the Boulder, Colorado-based company said it had net income of 8 cents.

The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 18 cents per share.

The fiber optic bandwidth infrastructure company posted revenue of $638.6 million in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $647.1 million.

Zayo Group shares have climbed 50% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $34.29, a rise of 14% in the last 12 months.

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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 ZAYO at https://www.zacks.com/ap/ZAYO