Cogent Tops Q1 Telecommunication Services Stocks Despite Revenue Miss

Earnings
โดย Yahoo Finance·Read original
Summary · why it matters

Cogent Communications topped a group of six tracked telecommunication services stocks in the first quarter, even as the sector overall missed revenue estimates by 1.2%. Cogent reported revenues of $239.2 million, down 3.2% year on year and 0.9% below analyst expectations, but beat earnings per share estimates. Lumen Technologies outperformed with revenues of $2.90 billion, down 8.9% year on year but 2.3% above estimates, though it missed EPS forecasts. Viasat, the weakest performer, posted revenues of $1.17 billion, up 2.1% year on year but 3% below estimates, with a significant EPS miss. Iridium Communications reported $219.1 million in revenues, up 1.9% year on year but 0.9% below estimates, and Globalstar recorded $70.06 million, up 16.7% year on year but 0.7% below estimates, both with significant EPS misses. On average, share prices of the six companies have fallen 12.1% since their earnings releases.

Impact on stocks 5

Cloud & Digital Infrastructure▲ · 2 stocks
Space Economy▼ · 2 stocks
Defense & Geopolitical Fragmentation▼ · 1 stocks
ViaSat Inc
VSAT
▼ NegativeCapitalrelevance

Revenue below estimates and significant EPS miss; weakest performer.

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