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Short Take: Nextlink reports wider fourth-quarter loss

Nextlink Communications posted a fourth-quarter net loss of $192 million, or $1.57 per share, including a restructuring charge of $30.9 million related to relocation costs. The loss is wider when compared with a net loss of $96.5 million, or $1.03 a share, for the same period a year ago. Wall Street expected a loss of $1.47, according to First Call. Quarterly revenue increased to $90 million from $43.3 million a year ago. Nextlink recently moved from Washington to Virginia.

Nextlink Communications posted a fourth-quarter net loss of $192 million, or $1.57 per share, including a restructuring charge of $30.9 million related to relocation costs. The loss is wider when compared with a net loss of $96.5 million, or $1.03 a share, for the same period a year ago. Wall Street expected a loss of $1.47, according to First Call. Quarterly revenue increased to $90 million from $43.3 million a year ago. Nextlink recently moved from Washington to Virginia.