Alaska Communications +5.1% as shifting business meets expectations

• Alaska Communications (NASDAQ:ALSK) is up 5.1% now after this morning's Q1 earnings saw it edging expectations while revenue shifted more heavily toward the business and wholesale side.
• Total wireline performance was "robust" at near-5% growth, the company said, but overall revenues slipped more than 14% without the prior year's commitment from a now-disposed wireless unit ($12.1M revenues a year ago).
• Revenue breakout: Total business and wholesale, $33.6M (up 11.9%); consumer, $9.5M (down 7%).
• It reaffirmed full-year guidance for wireline revenue of about $228M, EBITDA of about $59M (vs. consensus of $58.2M), capex of $35M and free cash flow of about $5M.
• Conference call to come at 2 p.m. ET.
• Press Release