Cogent Communications (CCOI) Reports Q3 Loss, Misses Revenue Estimates
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Cogent Communications (CCOI) reported a Q3 loss of $1.33 per share, slightly better than the Zacks Consensus Estimate of a $1.34 loss, but worse than the $1.13 loss per share from a year ago. The company also missed revenue estimates.
November 07, 2024 | 2:30 pm
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Cogent Communications reported a Q3 loss of $1.33 per share, slightly better than expected but worse than last year's $1.13 loss. The company also missed revenue estimates.
The reported loss per share was slightly better than expected, but the fact that it was worse than last year's loss and that revenue estimates were missed suggests a negative short-term impact on the stock price.
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