Cogent Communications Q3 basic EPS USD -0.62 vs. IBES estimate USD -0.81
CCOI•Cogent Communications reported Q3 basic EPS of USD -0.62, compared with the IBES estimate of USD -0.81. Adjusted EBITDA was USD 73.896 million versus an estimate of USD 75 million.
1. Q3 results
Cogent Communications reported Q3 adjusted gross margin of 47.6%, gross margin of 24.5%, and net income of USD -29.766 million. EBIT was USD -6.931 million versus an IBES estimate of USD -8.09 million; EBITDA was USD 48.896 million, adjusted gross profit was USD 110.163 million, and gross profit was USD 56.683 million.
