Wall Street punishes company after disappointing Q1 results. Domain name, wireless and internet provider Tucows had a rough day. Shares in the company plunged $17.30, or 20%, to $68.75. About $180 million of value was wiped out in one day. The drop came after the company reported disappointing earnings after the market closed yesterday. Revenue slid in the company’s domain business and it faced headwinds with suppliers for its wireless service. Long-term shareholders probably aren’t…
Margin contribution from domains up due to price increases and Ascio; Tucows also explains lift from moving Enom expiry stream. Tucows (NASDAQ: TCX) released second quarter earnings (pdf) yesterday after the close of the market. The company has three business lines: domain names, mobile service and internet service. For the…
Company takes big step to clean up wireless carrier problems. Tucows (NASDAQ: TCX) has signed a new mobile service deal with Verizon, marking a big shift in its Ting mobile service. The company offers mobile service, high-speed internet and domain names. It is the world’s second largest domain name registrar,…
“We are seeing years of economic transformation jammed into weeks or months,” Tucows CEO Elliot Noss says. Domain name, fiber and mobile company Tucows (NASDAQ: TCX) reported earnings after the bell today. The company pulled in $84.0 million in revenue for the first year of 2020, up 6% year-over-year. Its…