Cincinnati Bell: 3Q Earnings Snapshot

November 8, 2018

CINCINNATI (AP) _ Cincinnati Bell Inc. (CBB) on Thursday reported a loss of $17.7 million in its third quarter.

On a per-share basis, the Cincinnati-based company said it had a loss of 41 cents. Losses, adjusted for one-time gains and costs, were 16 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 17 cents per share.

The regional telephone company posted revenue of $386.7 million in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $390.3 million.

Cincinnati Bell expects full-year revenue in the range of $1.2 billion to $1.27 billion.

Cincinnati Bell shares have decreased 28 percent since the beginning of the year. The stock has dropped 24 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CBB at https://www.zacks.com/ap/CBB

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