Cogent Communication (CCOI) Misses Q2 EPS by 5c; $50M Buyback

Cogent Communication (NASDAQ: CCOI) reported Q2 EPS of $0.02, $0.05 worse than the analyst estimate of $0.07. Revenue for the quarter came in at $98.8 million versus the consensus estimate of $99.12 million.

On August 5, 2015, Cogent's board approved a regular quarterly dividend of $0.34 per common share payable on September 11, 2015 to shareholders of record on August 21, 2015. This third quarter 2015 regular dividend of $0.34 per share represents an increase of 3.0% from the second quarter 2015 regular dividend of $0.33 per share. Additionally on August 5, 2015, Cogent's board approved an additional $50.0 million increase to Cogent's share buyback program with the program authorized to continue to December 31, 2016.

For earnings history and earnings-related data on Cogent Communication (CCOI) click here.

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