< Alaska Communications off 5% in post-earnings late trading
Alaska Communications (NASDAQ:ALSK) issued solid earnings guidance and beat revenue expectations during a quarter in which it worked to unload a wireless business that had presented a debt overhang.
Loss on impairment of goodwill of $6M helped push the firm to an operating loss of $884K. Net loss was $5.36M. Adjusted EBITDA was $22.3M (up 34%), beating an expected $20.7M.
The company's guiding to "continued top line performance, steady deleveraging and achieving run rate adjusted EBITDA exiting 2015 through targeted synergies."
More specifically, it expects total wireline revenue of $220M, in line with expectations, and EBITDA of $54M-$56M vs. expectations of about $40M.
Shares have turned lower after hours, -5.3%.