WASHINGTON (AP) 鈥� WASHINGTON (AP) 鈥� Cogent Communications Group Inc. (CCOI) on Monday reported a loss of $39.5 million in its first quarter.
The Washington-based company said it had a loss of 83 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of $1.03 per share.
The internet service provider posted revenue of $239.2 million in the period, missing Street forecasts. Five analysts surveyed by Zacks expected $239.4 million.
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