Nuvera Communications, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 10, 2020 at 08:32 am
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Nuvera Communications, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced total revenue was USD 16.143 million compared to USD 16.468 million a year ago. Operating income was USD 3.655 million compared to USD 4.228 million a year ago. Net income was USD 2.344 million compared to USD 2.557 million a year ago. Basic earnings per share from continuing operations was USD 0.45 compared to USD 0.49 a year ago. For the half year, total revenue was USD 32.311 million compared to USD 32.440 million a year ago. Operating income was USD 7.163 million compared to USD 7.894 million a year ago. Net income was USD 4.964 million compared to USD 4.850 million a year ago. Basic earnings per share from continuing operations was USD 0.96 compared to USD 0.94 a year ago. Diluted earnings per share from continuing operations was USD 0.96 compared to USD 0.93 a year ago.
Nuvera Communications, Inc. is a regional service provider. The Company's fiber network provides residential Internet service through both fiber-to-the neighborhood and gig-speed fiber-to-the-home services. It also provides business services including fiber Internet, voice, hosting and managed services. It is a Fiber Minnesota partner which enables connectivity for multi-location business customer locations, wireless towers and network connectively to Internet connection transport points. Its hosted voice over Internet protocol (VoIP) package utilizes its soft switching technology and enables its customers to have the flexibility of employing new telephone advances and features without investing in a new telephone system. In addition to Internet and VoIP services, the Company also offers a variety of commercial data connectivity services in select markets including private line and ethernet services to provide high bandwidth across point-to-point and multiple site networks.
NUVERA COMMUNICATIONS, INC. 
