Alaska Communications +6.5% after Q1 profits grow [Seeking Alpha]
Alaska Comm Systems Group, Inc (ALSK)
Last alaska comm systems group, inc earnings: 11/5 05:00 pm
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Source: Seeking Alpha
Alaska Communications +6.5% after Q1 profits growAlaska Communications (NASDAQ:ALSK) isup 6.5% in postmarket trade after postingQ1 earnings where profits grew despite a downtick in revenues.That revenue decline was tied to "compression in our health care vertical," CEO Anand Vadapalli says, mitigated somewhat by cost control measures.Overall, revenue fell to $55.97M from $56.7M.Revenue by segment: Business and wholesale, $33.8M (down 2%); Consumer, $9.4M (up 1.1%); Regulatory, $12.8M (down 0.8%).Operating income rose to $5.3M from $4.7M, and the company swung to a net profit of $2.1M from a year-ago loss of $0.7M.EBITDA ticked up to $14.4M from $14.3M.Free cash flow was $1.8M, vs. a previous $7.7M.For 2018, it's guiding to total revenue of $225M-$230M; EBITDA of $55M-$58M; capex of $33M-$35M; and adjusted free cash flow of $5M-$8M.Conference call to come tomorrow at 2 p.m. ET.Press releaseSee all stocks on the move »Now read:Windstream Holdings, Inc. 2018 Q1 - Results - Earnings Call
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