Alaska Communications Systems (ALSK) Misses Q1 EPS by 2c

Alaska Communications Systems (NASDAQ: ALSK) reported Q1 EPS of ($0.01), $0.02 worse than the analyst estimate of $0.01. Revenue for the quarter came in at $56.7 million versus the consensus estimate of $57.02 million.

“We continue steady progress on the operating front with top and bottom line growth, driven primarily by broadband revenue growth of 11.1%. New fiber capacity to the North Slope through our Quintillion partnership and several new IT partnership certifications provide opportunities for differentiation and continued growth,” said Anand Vadapalli, president and CEO of Alaska Communications.

“With a successful tender for our convertible notes, we are also pleased with the completion of our refinancing activity extending our debt maturities. We remain well positioned to drive long term shareholder value,” concluded Vadapalli.

For earnings history and earnings-related data on Alaska Communications Systems (ALSK) click here.

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