logo
Share SHARE
FONT-SIZE Plus   Neg

Lumos Networks Slips To Loss In Q4

Lumos Networks Corp. (LMOS) announced operating results for its fourth quarter and year 2011. Net loss was $61.66 million or $2.90 per share, compared to profit of $4.30 million in the previous year.

Total revenue for the fourth quarter 2011 was $51.1 million, compared to $41.0 million for fourth quarter 2010.

Lumos Networks was separated from NTELOS Holdings Corp. through a spin-off effective after the close of business on October 31, 2011.

Total revenue for first quarter 2012 is expected to be between $50 million and $51 million.

The company expects 2012 total revenue to be between $200 million and $205 million. Capital expenditures are expected to be between $52 million and $60 million for the year 2012.

On February 23, 2012, the Board of Directors of Lumos Networks Corp. declared a quarterly cash dividend on its common stock in the amount of $0.14 per share to be paid on April 12, 2012 to stockholders of record on March 14, 2012.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
British lender Lloyds Banking Group Plc. Friday reported higher profit in its first half, benefited by increased net interest income and margin as well as lower impairment. Looking ahead, the company lifted its net interest margin forecast. Amgen reported an increase in second-quarter profit, driven by sales of arthritis drug Enbrel and osteoporosis treatments Xgeva and Prolia, and improved margins. Both earnings and sales topped Wall Street estimates. Electronic Arts Inc. (EA) on Thursday reported an increase in profit for the first quarter, reflecting continued strong digital revenues, with both earnings and revenues topping Wall Street estimates. However, shares of the company fell over 4 percent, after having detailed a weak outlook. Redwood...
comments powered by Disqus
Follow RTT