Internap Corporation (INAP) Misses Q4 EPS by 37c, Revenues Miss; FY19 Revenue Guidance Below Consensus
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INAP Reports Fourth Quarter 2018 Financial Results
March 14, 2019 7:00 AM EDTFull Year 2018 Results Revenue of $317.4 Million, Increased 13.1% Year-over-YearINAP Completed Two Transactions in 2018: Acquisition of SingleHop to Upgrade Managed Services Offering; and a New Flagship Data Center in Phoenix GAAP Net Loss Attributable to INAP Shareholders of $(62.5) Million, or $(3.01) Per ShareAdjusted EBITDA of $111.3 Million, Increased 20.7% Year-over-Year; Continued Adjusted EBITDA Margin Expansion of 220 basis points from 32.9% to 35.1% for the full yearCash Flow from Operations of $34.6 Million, Capital Expenditures of $41.8 MillionINAP Completes Transformative 2-Year Data Center Portfolio Rationalization and Enhancement Fourth Quarter 2018... More
