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Shenandoah Telecommunications Shares Tumble After Q2 Loss, Revenue Miss
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Shenandoah Telecommunications Shares Tumble After Q2 Loss, Revenue Miss
Aug 7, 2024 7:52 AM

10:32 AM EDT, 08/07/2024 (MT Newswires) -- Shenandoah Telecommunications ( SHEN ) shares tumbled 10.5% in recent Wednesday trading after the company reported a Q2 net loss of $0.24 per diluted share, swinging from earnings of $0.04 a year earlier.

Two analysts polled by Capital IQ expected earnings of $0.01.

Service revenue for the quarter ended June 30 rose to $85.8 million from $66.6 million a year earlier. Two analysts surveyed by Capital IQ expected $86.1 million.

Price: 16.55, Change: -1.94, Percent Change: -10.49

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