Alaska Communications Systems Reports Q4 EPS of $0.04 vs. $0.03

Alaska Communications Systems Group, Inc. ALSK today reported financial results for its fourth quarter ended December 31, 2010. Revenues of $84.8 million increased by $1.8 million, or 2.2 percent, from $83.0 million in the prior year Net loss before extraordinary item of $1.3 million, or $0.03 per diluted share, compared to net loss of $7.1 million, or $0.16 per diluted share, in the prior year. Fourth quarter 2010 net loss was negatively impacted by $5.4 million in charges ($3.2 million, net of tax, or $0.07 per share), for the loss on disposal of assets and the early extinguishment of debt.