08:43 AM EDT, 05/09/2024 (MT Newswires) -- Cogent Communications Holdings ( CCOI ) reported a Q1 net loss Thursday of $1.38 per diluted share, swinging from earnings of $0.13 a year earlier.

Analysts polled by Capital IQ expected a loss of $0.98.

Service revenue for the quarter ended March 31 was $266.2 million, up from $153.6 million a year ago.

Analysts surveyed by Capital IQ expected $271.9 million.

The internet services company raised its quarterly dividend to $0.975 per share, payable June 7 to shareholders of record on May 23.

Shares of the company were down 1.4% in recent premarket activity.

Price: 62.50, Change: -0.90, Percent Change: -1.42