Why Towerstream Corporation (TWER) Is Slipping After Hours

NEW YORK (TheStreet) -- Towerstream Corporation (TWER) is trading lower in extended trading after reporting a fourth quarter below analysts' expectations.

After the bell, shares had taken off 2.3% to $2.55.

In its fourth quarter, the 4G and Wi-Fi provider recorded a net loss of 10 cents a share, in line with what analysts surveyed by Thomson Reuters had forecast. The company managed to narrow its losses by 2 cents a share from 12 cents a share in the year-ago quarter.

Revenues for the three months to December totaled $8.52 million, a 3.5% year-over-year increase. However, total sales fell short of expectations of $8.65 million.

For its first quarter, management anticipates revenue between $8.45 million and $8.75 million. This consists of fixed wireless sales in the range of $7.8 million to $8 million and shared wireless infrastructure sales in the range of $650,000 and $750,000.

Must Read: Warren Buffett's 10 Favorite Stocks

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

TheStreet Ratings team rates TOWERSTREAM CORP as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:

"We rate TOWERSTREAM CORP (TWER) a SELL. This is driven by a number of negative factors, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins and generally disappointing historical performance in the stock itself."

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

More from Markets

P&G, GE and IBM Need to Innovate; Has Starbucks' Stock Grown Ice Cold?--ICYMI

P&G, GE and IBM Need to Innovate; Has Starbucks' Stock Grown Ice Cold?--ICYMI

Is Best Buy Sleeping With the Enemy With Amazon Partnership?

Is Best Buy Sleeping With the Enemy With Amazon Partnership?

Sprint, T-Mobile Might Have to Do More Than Make Promises to Get Deal Approved

Sprint, T-Mobile Might Have to Do More Than Make Promises to Get Deal Approved

Video: The S&P 500 Is Failing to Make New Highs

Video: The S&P 500 Is Failing to Make New Highs

Dow, S&P 500 and Nasdaq Finish Lower as Apple, P&G Slump

Dow, S&P 500 and Nasdaq Finish Lower as Apple, P&G Slump