10:48 AM EDT, 05/03/2024 (MT Newswires) -- Shenandoah Telecommunications' ( SHEN ) shares were down 9.3% in recent Friday trading after the company's Q1 revenue fell short of market expectations.

The company reported Q1 net income of $4.21 per diluted share, up from $0.04 per share a year earlier. Two analysts polled by Capital IQ expected a loss of $0.02.

Service revenue for the quarter ended March 31 rose to $69.2 million from $67.2 million a year earlier. Two analysts surveyed by Capital IQ expected $71.5 million.

Price: 12.02, Change: -1.23, Percent Change: -9.28