Tw Telecom Q2 Profit Decreases

(RTTNews) - tw telecom inc. (TWTC) reported second-quarter net income of $11.15 million or $0.08 per share, compared to $17.35 million or $0.11 per share, last year. The company said net income decreased year-over-year reflecting higher depreciation expense resulting from net asset additions, $4.1 million of merger-related costs and higher interest expense, offset by lower income tax expense. Excluding merger-related costs, net income was $13.5 million or $0.10 per share, for the quarter. On average, 12 analysts polled by Thomson Reuters expected the company to report profit per share of $0.10 for the quarter. Analysts' estimates typically exclude special items.

Total revenue was $419.70 million, compared to $389.48 million, a year ago. Analysts expected revenue of $417.28 million for the quarter. Revenue grew primarily due to ongoing enterprise revenue growth, the company said.