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Zayo Stock Lower Ahead of Thursday's Q4 Earnings

NEW YORK (TheStreet) -- Shares of Zayo (ZAYO) were down in late-afternoon trading on Wednesday ahead of the company's 2016 fiscal fourth quarter results, due out after tomorrow's market close.

Analysts are projecting that earnings will decline year-over-year, while revenue will be higher compared to a year ago.

Wall Street is estimating that the Boulder, CO-based company will post earnings of 2 cents per share on revenue of $497.9 million.

In the same quarter last year, Zayo earned 3 cents per share on revenue of $361.9...