Shenandoah Telecom Co (SHEN) Misses Q1 EPS by 3c

Shenandoah Telecom Co (NASDAQ: SHEN) reported Q1 EPS of $0.05, $0.03 worse than the analyst estimate of $0.08. Revenue for the quarter came in at $153.9 million versus the consensus estimate of $156.86 million.

President and CEO Christopher E. French commented, “Our first quarter reflects a solid start to 2017, with revenue growth and Adjusted OIBDA increases achieved in all of our segments. The integration of customers and assets from the nTelos acquisition is proceeding as we expected and we’re pleased to be ahead of schedule migrating customers and combining operations. Just after the quarter closed, we announced the expansion of our affiliate relationship with Sprint, which significantly enhances our presence in the mid-Atlantic region and we’re excited to be adding new service areas that will improve customer experience and create shareholder value.”

For earnings history and earnings-related data on Shenandoah Telecom Co (SHEN) click here.

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