Towerstream Corporation (TWER) Reports In-Line Q2 EPS

Towerstream Corporation (NASDAQ: TWER) reported Q2 EPS of ($0.13), in-line with the analyst estimate of ($0.13). Revenue for the quarter came in at $7.85 million versus the consensus estimate of $8.04 million.

"We are pleased to announce the recent signing of a contract with a leading carrier for our shared wireless infrastructure subsidiary, HetNets Tower Corporation," said Jeffrey Thompson, President and Chief Executive Officer. "With multiple carriers focused on densifying their networks utilizing small cell architectures and numerous technology companies deploying Wi-Fi services and solutions, we believe our shared wireless locations are well positioned."

"Our On Net platform generated strong growth in the number of lit buildings and total square footage as well as new and potential customers within those buildings," noted Joseph Hernon, Chief Financial Officer. "Our new sales office has generated initial sales ahead of plan and our wholesale services platform is beginning to grow."

For earnings history and earnings-related data on Towerstream Corporation (TWER) click here.

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