Lumos Networks (LMOS) Misses Q4 EPS by 1c, Suspends Dividend in Favor of Expansion
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Lumos Networks (NASDAQ: LMOS) reported Q4 EPS of $0.15, $0.01 worse than the analyst estimate of $0.16. Revenue for the quarter came in at $50.7 million versus the consensus estimate of $49.6 million.
Lumos Networks sees FY2015 revenue of $202 million, versus the consensus of $200.97 million.
On March 4, 2015, the Board of Directors of Lumos Networks suspended the quarterly dividend, with an annual cash impact of $12 to $13 million, in favor of FTTC and network expansion opportunities.
For earnings history and earnings-related data on Lumos Networks (LMOS) click here.
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