The company has posted revenues of $328.25 million for the third quarter of 2008, compared to $306.25 million in the comparable period of 2007.
For the nine months period ended September 30, 2008, the company posted net income of $7.54 million or $0.11 per basic share, compared to $38.55 million or $0.72 per basic share in the same period of 2007.
The company reported revenues of $955.35 million for the first nine months of 2008, compared to $903.61 million in the comparable period of 2007.
Gene Johnson, chairman and CEO of FairPoint, said: Operationally, we remain focused on reducing customer churn and evaluating our ongoing cost structure in relation to the current revenue base for our business and the uncertain economic environment.
Finally, the September drawdown of $200 million under our available credit facilities, together with cash flows generated from operations, is expected to provide sufficient liquidity to complete cutover and to continue to execute our network expansion plans in the Northern New England states.
