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Cogent: 4Q Earnings Snapshot

WASHINGTON (AP) _ Cogent Communications Group Inc. (CCOI) on Thursday reported fourth-quarter net income of $7.1 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Washington-based company said it had profit of 16 cents.

The results fell short of Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share.

The internet service provider posted revenue of $132 million in the period, which also did not meet Street forecasts. Seven analysts surveyed by Zacks expected $132.9 million.

For the year, the company reported profit of $28.7 million, or 63 cents per share. Revenue was reported as $520.2 million.

Cogent shares have increased 11 percent since the beginning of the year.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CCOI at https://www.zacks.com/ap/CCOI