GTT Communications: 3Q Earnings Snapshot
MCLEAN, Va. (AP) _ GTT Communications Inc. (GTT) on Tuesday reported a loss of $26.2 million in its third quarter.
On a per-share basis, the McLean, Virginia-based company said it had a loss of 46 cents. Losses, adjusted for non-recurring costs, were 31 cents per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 20 cents per share.
The telecommunications services provider posted revenue of $420 million in the period, which also missed Street forecasts. Five analysts surveyed by Zacks expected $426.9 million.
GTT Communications shares have declined 64% since the beginning of the year. The stock has declined 75% in the last 12 months.