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BRIEF: SureWest reports uptick in quarterly lossOct 29, 2009 (The Sacramento Bee - McClatchy-Tribune Information Services via COMTEX) -- SureWest Communications of Roseville reported a significantly higher quarterly loss today. The Roseville telecommunications company said its third quarter net loss increased to $211,000 from $101,000 a year earlier. Revenue fell to $59.5 million from $60.3 million, as increases in its broadband business were offset by a decline in telecommunications revenue. The company said the higher net loss was due mainly to higher depreciation costs. SureWest stock closed at $9.91, up 21 cents, on the Nasdaq market. The financial results were announced after the market closed. To see more of The Sacramento Bee, or to subscribe to the newspaper, go to http://www.sacbee.com/. Copyright (c) 2009, The Sacramento Bee, Calif. Distributed by McClatchy-Tribune Information Services. For reprints, email [email protected], call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA. |
