UPDATE: Pike Electric Reports 35% Surge In Q4 Revenue

Pike Electric Corp (NYSE: PIKE) released its results for the fourth quarter on Tuesday.

Pike Electric reported its quarterly net income at $2.1 million, or $0.06 per share, versus a net loss of $4.0 million, or $0.12 per share, in the year-ago period. Its revenue climbed 34.8% y/y to $162.7 million, from $120.7 million. However, analysts were expecting earnings of $0.05 per share on revenue of $156 million.

PIKE shares closed at $8.26 on Friday.