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Stock Market & Financial Investment News

News Breaks
February 3, 2014
08:57 EDTALSKAlaska Communications announces purchase TekMate
Alaska Communications announced the purchase of 51% of TekMate, a managed information technology services firms, expanding on its 2010 acquisition of 49% interest in TekMate. TekMate’s 60 employees will join Alaska Communications’ managed services group. Alaska Communications expects to incur certain integration costs in 2014 associated with the transaction, which will offset TekMate financial performance. The acquisition, therefore, is not expected to materially increase Alaska Communications’ EBITDA or free cash flow in 2014.
News For ALSK From The Last 14 Days
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March 4, 2015
16:10 EDTALSKAlaska Communications raises target run rate adjusted EBITDA exiting 2015
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16:08 EDTALSKAlaska Communications reports Q4 EPS (11c), one estimate (1c)
Reports Q4 revenue $77.5M, one estimate $76M. Q4 Adjusted EBITDA increased 34.0% to $22.3M from $16.6M.

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