Citizens Communications (CZN) Tops Q4 View; Announces $200M Buyback
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Citizens Communications Co. (NYSE: CZN) reports Q4 EPS of $0.18, 2 cents better than the analyst estimate of $0.16. Revenues for the quarter were $577.2 million, versus the consensus of $574.99 million.
During Q4, Citizens completed a $250 million stock repurchase program. Throughout the period, the Company bought back about 2.175 million shares of its stock for $30.9 million.
Citizens Board authorized a new buyback program for up to $200 million of common stock over the next 12 months.
Citizens Communications Company provides communication services to rural areas, and small and medium-sized towns and cities as an incumbent local exchange carrier (ILEC).
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