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Short Take: Rocky Mountain in line with Street

Rocky Mountain Internet posted a loss in line with Wall Street expectations, as revenue for the third quarter rose 62 percent to $2.56 million. The Internet service provider lost $743,000, or 9 cents per share, in the third quarter, excluding charges from its cancelled merger with Internet Communications. Rocky Mountain said it was hit with approximately $3.8 million to $5.2 million in costs following the failed merger. Internet Communications has since filed suit against Rocky Mountain, and is seeking $30 million in damages. Rocky Mountain contends the suit is without merit.

Rocky Mountain Internet posted a loss in line with Wall Street expectations, as revenue for the third quarter rose 62 percent to $2.56 million. The Internet service provider lost $743,000, or 9 cents per share, in the third quarter, excluding charges from its cancelled merger with Internet Communications. Rocky Mountain said it was hit with approximately $3.8 million to $5.2 million in costs following the failed merger. Internet Communications has since filed suit against Rocky Mountain, and is seeking $30 million in damages. Rocky Mountain contends the suit is without merit.