Zayo Group: Fiscal 2Q Earnings Snapshot
BOULDER, Colo. (AP) _ Zayo Group Holdings Inc. (ZAYO) on Thursday reported fiscal second-quarter net income of $30.2 million.
On a per-share basis, the Boulder, Colorado-based company said it had profit of 13 cents.
The results missed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 15 cents per share.
The fiber optic bandwidth infrastructure company posted revenue of $639.1 million in the period, which also missed Street forecasts. Eight analysts surveyed by Zacks expected $643 million.
Zayo Group shares have risen 16 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $26.60, a drop of 27 percent in the last 12 months.