Ascent Capital: 2Q Earnings Snapshot
GREENWOOD VILLAGE, Colo. (AP) _ Ascent Capital Group Inc. (ASCMA) on Wednesday reported second-quarter net income of $628.9 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Greenwood Village, Colorado-based company said it had net income of $50.02. Losses, adjusted for non-recurring gains, were $1.74 per share.
The home security holding company posted revenue of $128.1 million in the period.
The company’s shares closed at 79 cents. A year ago, they were trading at $2.77.