Cogent Communications reports Q3 loss of $29.8 million in Washington

Cogent Communications Group Inc., headquartered in Washington, reported a loss of $29.8 million in the third quarter, according to WTOP's report of Associated Press coverage.

On a per-share basis, the company reported a loss of 62 cents. This result was better than Wall Street expectations, where analysts had predicted a loss of 83 cents per share, according to Zacks Investment Research data cited by WTOP.

The internet service provider posted revenue of $231.2 million for the quarter. However, this figure did not meet the forecasted revenue of $234.4 million anticipated by analysts.

Cogent's financial results reflect a mixed performance with a smaller-than-expected loss but slightly lower revenue than expected for the period.

Investors and local stakeholders will be watching Cogent's future earnings and revenue trends as the company navigates its financial challenges in the coming quarters.