Alaska Communications Systems Group Inc (ALSK) Releases Earnings Results, Reports EPS of $0.01 EPS

Alaska Communications Systems Group Inc (ALSK) reported quarterly earnings results on Thursday, Aug-4-2016. The company reported $0.01 EPS for the quarter. Analysts had a consensus estimate of $0.01. The company posted revenue of $56.30 million in the period, compared to analysts expectations of $56.81 million. The company’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.10 EPS.

Alaska Communications Systems Group Inc closed down -0.02 points or -1.20% at $1.65 with 94,079 shares getting traded on Tusday. Post opening the session at $1.65, the shares hit an intraday low of $1.64 and an intraday high of $1.68 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Mar 7, 2016, Michael R Todd (Sr. VP, Consumer Market) sold 6,871 shares at $1.80 per share price.

Alaska Communications Systems Group Inc. provides integrated communications services to business and consumer customers in Alaska. The Company’s communications network extends throughout the Alaska connecting customers to its network which provides broadband managed information technology (IT) managed services voice and other services to these customers and to the contiguous states through its own terrestrial network which includes its two diverse undersea fiber optic cable systems. The Company provides its products and services under three categories: business and wholesale consumer and other services including access services and high cost support. The Company provides services such as voice and broadband and IT managed services. Its business customers include small and medium businesses larger enterprises and government customers which include municipal local state and federal government entities school districts libraries and rural healthcare hospitals.

Alaska Communications Systems Group Inc

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