Lumos Networks (LMOS) PT Bumped to $18 at Jefferies
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Lumos Networks Corp. Reports Third Quarter 2016 Results
November 9, 2016 8:00 AM ESTOn a YoY Basis, Overall Revenue up Nearly 2%, Data Revenue up Nearly 10%, FTTC up 23% and Enterprise up over 17%
Third Quarter 2016 Highlights:
Year-over-year growth in consolidated revenues, operating income and Adjusted EBITDA $51.8 million total revenue, up nearly 2% $9.2 million in operating income, up nearly 7%, and net income down to $1 million, or $0.04 per diluted share $24.3 million Adjusted EBITDA, up nearly 9% Total 3Q16 Data revenue of $31.4 million, up nearly 10% year-over-year Continue to expect Data revenue growth of 8-10% in 2016... More