Business in the Burbs

LICT Corp. reports lower 3Q earnings

November

LICT Corp., a Rye-based telecommunications and media company, reported net income of $2.07 million during the third quarter, down from $3.04 million a year earlier. Earnings per share of $83 fell from $121 a year earlier. Revenues of $26 million dropped from $26.4 million as the company faced a decline in interstate revenue, or out-of-state calling using its telephone network. The company added that it will pursue acquisitions that strategically fit its long-term objectives.

This entry was posted on Tuesday, November 18th, 2008 at 12:57 pm by Jay Loomis.
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