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Zayo Group: Fiscal 3Q Earnings Snapshot

BOULDER, Colo. (AP) _ Zayo Group Holdings Inc. (ZAYO) on Wednesday reported fiscal third-quarter net income of $34.7 million.

The Boulder, Colorado-based company said it had net income of 15 cents per share.

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

The fiber optic bandwidth infrastructure company posted revenue of $647.2 million in the period, exceeding Street forecasts. Seven analysts surveyed by Zacks expected $640.2 million.

Zayo Group shares have climbed 34% since the beginning of the year. The stock has declined 12% 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