Zayo Group (ZAYO) Misses Q3 EPS by 1c, Miss on Revenues

Zayo Group (NYSE: ZAYO) reported Q3 EPS of $0.09, $0.01 worse than the analyst estimate of $0.10. Revenue for the quarter came in at $649.4 million versus the consensus estimate of $654.8 million.

Third Fiscal Quarter 2018 Financial Highlights

• $649.4 million of consolidated revenue; including $531.7 million from the Communications Infrastructure segments and $117.7 million from the Allstream segment;
• Net income of $23.4 million, including $32.0 million from the Communications Infrastructure segments and a net loss of $8.6 million from the Allstream segment;
• $319.6 million of adjusted EBITDA, including $294.1 million from Communications Infrastructure and $25.5 million from the Allstream segment;
• Bookings of $9.5 million, gross installs of $8.1 million, churn of 1.1% and net installs of $2.3 million, all on a monthly recurring revenue (MRR) and monthly amortized revenue (MAR) basis, excluding the Allstream segment.
• Adjusted unlevered free cash flow of $165.5 million.

For earnings history and earnings-related data on Zayo Group (ZAYO) click here.

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