Alaska Communications Systems Earnings: Here’s Why Investors are Happy Now
Alaska Communications Systems Group Inc. (NASDAQ:ALSK) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 4.27%.
Alaska Communications Systems Group Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 250% to $0.07 in the quarter versus EPS of $0.02 in the year-earlier quarter.
Revenue: Rose 5.95% to $91.06 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Alaska Communications Systems Group Inc. reported adjusted EPS income of $0.07 per share. By that measure, the company beat the mean analyst estimate of $0.03. It beat the average revenue estimate of $89.53 million.
Quoting Management: “Demand for our core broadband products remains strong and we are translating market demand into business performance, all while strengthening our balance sheet, creating long-term shareholder value,” said Anand Vadapalli, president and CEO of Alaska Communications.
Key Stats (on next page)…