Teligent Sinks 21.5% as Loss Widens

Teligent

(TGNT)

was down 21.5% in early trading. Late Wednesday, the company reported a third-quarter loss of $2.90 a share, beating the Street's estimate of a $2.99 loss but wider than the year-ago loss of $2.66.

The results exclude a $60.7 million charge for the company's investment in beleaguered

ICG Communications

(ICGX)

. Including the charge, Teligent lost $3.88 a share.