AP NEWS

Zayo Group: Fiscal 2Q Earnings Snapshot

February 4, 2020 GMT

BOULDER, Colo. (AP) _ Zayo Group Holdings Inc. (ZAYO) on Tuesday reported fiscal second-quarter net income of $61.4 million.

On a per-share basis, the Boulder, Colorado-based company said it had profit of 26 cents.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 18 cents per share.

The fiber optic bandwidth infrastructure company posted revenue of $653.7 million in the period.

Zayo Group shares have climbed roughly 1% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $34.87, a rise of 28% in the last 12 months.

_____

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