💨 Abstract

Cogent Communications Group Inc. (CCOI) reported a second-quarter loss of $57.8 million, or $1.21 per share, missing Wall Street expectations of a $0.93 loss per share. Revenue for the period was $246.2 million, slightly exceeding forecasts of $245.6 million. The Washington-based internet service provider failed to meet profit expectations despite topping revenue predictions.

Courtesy: WTOP Staff