Cogent: Q4 Earnings Snapshot

WASHINGTON (AP) — WASHINGTON (AP) — Cogent Communications Group Inc. (CCOI) on Thursday reported fourth-quarter profit of $200.2 million.

The Washington-based company said it had net income of $4.17 per share. Losses, adjusted for non-recurring gains, came to 16 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 95 cents per share.

The internet service provider posted revenue of $272.1 million in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $275.8 million.

For the year, the company reported profit of $1.27 billion, or $26.62 per share. Revenue was reported as $940.9 million.

Cogent shares have increased 6% since the beginning of the year.

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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