What happened Shares of GTT Communications (NYSE: GTT) are down 17.2% as of 3:30 p.m. EST Tuesday after the telecommunications company announced weaker-than-expected third-quarter 2019 results. So what More specifically, GTT's quarterly revenue fell 6.4% year over year to $420 million, translating to an adjusted (non-GAAP) net loss of $0.31 per share. Analysts, on average, were looking for a narrower net loss of $0.21 per share on revenue closer to $425.7 million. IMAGE SOURCE: GETTY IMAGES. Now what GTT did not provide specific forward revenue or earnings guidance. But the company did say it has expanded plans to divest nonstrategic and noncore assets to include its pan-European fiber assets, subsea transatlantic fiber, and data infrastructure -- all assets initially acquire through its previous purchases of Interoute last year and Hibernia in 2017. Those divestitures might well be the right move to streamline GTT's operations as it works back toward sustained, profitable growth. But given GTT's relative underperformance in the meantime, it's no surprise to see shares falling hard today. 10 stocks we like better than GTT CommunicationsWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and GTT Communications wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of June 1, 2019 Steve Symington has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source