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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

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