Zayo Group -3.4% as Q1 earnings miss [Seeking Alpha]
ZAYO GROUP HOLDINGS INC (ZAYO)
Last zayo group holdings inc earnings: 2/4 04:01 pm
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Source: Seeking Alpha
Zayo Group -3.4% as Q1 earnings missZayo Group (NYSE:ZAYO) hasslipped 3.4% after hours followingfiscal Q1 earnings that missed expectations despite revenues that grew 27%.Net income grew 48% Y/Y but was flat sequentially at $23.2M -- $11.5M from Communications Infrastructure, $11.7M from Allstream.EBITDA grew 21% to $316.6M, falling short of an expected $319.7M.Bookings grew to $7.6M from a previous $7.2M; gross installs were $7.3M (up from $6.5M) and net installs came to $1.2M (flat). Churn was 1.2%.Unlevered free cash flow came to $130.9M.Conference call to come at 5 p.m. ET.Press releaseSee all stocks on the move »
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