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By Associated Press | Published Feb. 26, 2021 7:09 a.m.
EDINBURG, Va. (AP) _ Shenandoah Telecommunications Co. (SHEN) on Thursday reported fourth-quarter earnings of $49.3 million.
The Edinburg, Virginia-based company said it had net income of 98 cents per share. Earnings, adjusted to account for discontinued operations, were 3 cents per share.
The telecommunications service provider in parts of Maryland, Pennsylvania, Virginia and West Virginia posted revenue of $58.1 million in the period.
For the year, the company reported profit of $126.7 million, or $2.53 per share. Revenue was reported as $220.8 million.
Shenandoah Telecom expects full-year revenue in the range of $241 million to $248 million.
Shenandoah Telecom shares have increased 5% since the beginning of the year. The stock has fallen 6% in the last 12 months.
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