Alaska Communications Systems (ALSK) Reports In-Line Q1 EPS

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Alaska Communications Reports First Quarter 2019 Results

May 6, 2019 4:05 PM EDT

ANCHORAGE, Alaska--(BUSINESS WIRE)-- Alaska Communications Systems Group, Inc. (NASDAQ: ALSK) today reported financial results for the first quarter of 2019.

We are pleased to report another quarter of solid performance, consistent with our plan and expectations. Market demand for our Enterprise and Carrier business is strong, reflected in our quarterly Business and Wholesale broadband revenue performance, up 9.9% year over year. Cost management is receiving continued attention as evidenced by reduction in the executive team and proposed reductions to the Board of Directors.

Growth revenues, combined with stable high cost support revenues,... More