logo
Share SHARE
FONT-SIZE Plus   Neg

Lumos Networks Slips To Loss In Q4

Lumos Networks Corp. (LMOS: Quote) 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

Quick Facts

Editors Pick
Firearms maker Smith & Wesson Holding Corp. (SWHC), Tuesday reported a drop in profit for the third quarter, as revenues and margins declined reflecting lower sales of long guns. However, earnings for the quarter came in ahead of Wall Street estimates as did revenues. Moving ahead, the company boosted... Target Corp (TGT) on Tuesday said it plans $2 billion of cost savings over the next two years, mainly at its corporate headquarters, as the discount retailer strives to boost profit and become a leaner outfit. Reports said that about $500 million of the savings would occur in the current year, and... Bob Evans Farms Inc. (BOBE) on Tuesday reported a drop in a profit for the third quarter, despite growth in revenues, with both earnings and revenues falling short of expectations. Moving head, the restaurant chain lowered its fiscal year 2015 outlook. Shares of Bob Evans Farms plunged over 18 percent...
comments powered by Disqus
Follow RTT