Shenandoah Telecom Co (SHEN) Posts Q3 Loss of 16c/Share
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Shenandoah Telecom Co (NASDAQ: SHEN) reported Q3 EPS of ($0.16), which may not compare with the analyst estimate of $0.14. Revenue for the quarter came in at $156.8 million versus the consensus estimate of $161.09 million.
Adjusted OIBDA (Operating Income Before Depreciation and Amortization) increased 100.4% to $73.7 million in the third quarter of 2016 from $36.8 million in the third quarter of 2015. Continuing OIBDA (Adjusted OIBDA less the benefit received from the waived Sprint management fee over the next six years) increased 74.5% to $64.2 million.
President and CEO Christopher E. French commented, “Our third quarter results reflect our first full quarter including the assets and customers gained through our acquisition of nTelos. In addition to the resulting increases in wireless, revenue and OIBDA also increased in our cable and wireline segments. As we complete the operational changes related to blending our wireless operations, we are increasingly energized by the opportunities across all segments and our larger footprint and presence in the Mid-Atlantic region. We are focused on leveraging the consistent coverage and high speed access of our state-of-the-art networks to serve our large and growing customer base.”
For earnings history and earnings-related data on Shenandoah Telecom Co (SHEN) click here.
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