Yahoo! Finance AP - FairPoint posts 4Q loss amid higher costs FairPoint posts 4th-quarter loss as expenses weigh on results, company suspends dividend
CHARLOTTE, N.C. (AP) -- Communications service provider FairPoint Communications Inc. posted a fourth-quarter loss Thursday as higher expenses weighed on results. The company also suspended its quarterly dividend to preserve cash and bolster its balance sheet.
For the full year, FairPoint posted a loss of $68.5 million, or 85 cents per share, on sales of $1.27 billion.