logo
Share SHARE
FONT-SIZE Plus   Neg

TW Telecom Profit Rises, But Misses View

TW Telecom Inc. (TWTC) Monday reported an increase in profit for the fourth quarter, as revenues grew reflecting strong performance at data and internet services segment. However, earnings for the quarter came in short of analysts' estimates, but revenues trumped Street expectations.

The company's revenues for the quarter grew 7.5 percent to $377.9 million from $351.5 million last year. Analysts expected revenues of $376.8 million for the quarter.

Revenue at TW Telecom's data and internet services segment rose 15.2 percent, while the voice services revenue improved 6.1 percent. The network services unit recorded a decline of 5.2 percent.

TW Telecom offers data-networking, IP based virtual private network, internet access services and telephone services to businesses and government.

Customer churn was 0.9 percent, down from 1.0 percent last year. The company had nearly 28,000 customers as of December 31, 2012.

Modified gross margin for the period dropped to 58 percent from 58.5 percent last year.

Littleton, Colorado-based TW Telecom's profit for the fourth quarter improved to $17.3 million or $0.11 per share from $16.4 million or $0.11 per share last year. On average, 17 analysts polled by Thomson Reuters expected earnings of $0.15 per share for the quarter. Analysts' estimates typically exclude special items.

TWTC closed Monday's trading at $27.14, down $0.63 or 2.27%, on the Nasdaq. The stock further slipped $0.72 or 2.65% in after hours trade.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Hampton Farms has voluntarily recalled Ava's brand organic cashews for potential Listeria contamination. The Organic Cashews Roasted & Salted 8 oz. tubs were distributed in New Jersey, New York, Pennsylvania and Connecticut. As per the recall statement, fewer than 225 units of this product were offered for retail sale. Maternity leave is a temporary period of absence from employment granted to expectant or new mothers during the months immediately before and after their pregnancy. Parental leave, including maternity, paternity and adoption leave, is an employee benefit. Many countries around the world, including... Texas, the second largest state in the U.S., has four of the five fastest-growing cities in the U.S., according to new population estimates released Thursday by the U.S. Census Bureau for the twelve months up to July 1, 2016. Ten of the fifteen fastest growing large U.S. cities during that 12-month span were in the South, according to the Census Bureau.
comments powered by Disqus
Follow RTT