TW Telecom Inc. (NASDAQ:TWTC) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
TW Telecom Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 30.77% to $0.09 in the quarter versus EPS of $0.13 in the year-earlier quarter.
Revenue: Rose 6.21% to $381.21 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: TW Telecom Inc. reported adjusted EPS income of $0.09 per share. By that measure, the company missed the mean analyst estimate of $0.11. It missed the average revenue estimate of $382.65 million.
Quoting Management: “We’ve had a productive start to the year, as we commenced our growth initiatives, delivered ongoing revenue growth and cash flow generation and executed several strategic balance sheet activities,” said Larissa Herda, tw telecom’s Chairman, CEO and President. “The growth initiatives we announced in February are under way as we focus on delivering additional product innovation, increasing our sales coverage, as well as further automating the business and expanding our market reach. Everything we’re doing is to increase our sales momentum and the trajectory of our revenue growth as we continue with our comprehensive balanced approach to win market share.”
Key Stats (on next page)…