(Adds Dividend)
For the first-quarter of 2024, Cogent Communications Holdings, Inc. (CCOI) said it will pay dividend of $0.965 per share payable on April 9, to shareholders of record on March 15. This represents an increase of $0.01 per share, or 1 percent, from the fourth quarter 2023 dividend of $0.955 per share and an annual increase of 4.3 percent from the first quarter 2023 dividend of $0.925 per share.
Q4 Results:
Cogent Communications Group Inc. (CCOI) announced a profit for its fourth quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line came in at $200.153 million, or $4.17 per share. This compares with $0.851 million, or $0.02 per share, in last year's fourth quarter.
Analysts on average had expected the company to earn -$0.86 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 79.0% to $272.099 million from $151.979 million last year.
Cogent Communications Group Inc. earnings at a glance (GAAP) :
-Earnings (Q4): $200.153 Mln. vs. $0.851 Mln. last year.
-EPS (Q4): $4.17 vs. $0.02 last year.
-Revenue (Q4): $272.099 Mln vs. $151.979 Mln last year.
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