Cincinnati Bell: 2Q Earnings Snapshot
Aug. 08, 2018
CINCINNATI (AP) _ Cincinnati Bell Inc. (CBB) on Wednesday reported a loss of $13.8 million in its second quarter.
On a per-share basis, the Cincinnati-based company said it had a loss of 39 cents. Losses, adjusted for one-time gains and costs, came to 19 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 13 cents per share.
The regional telephone company posted revenue of $296.8 million in the period, also missing Street forecasts. Four analysts surveyed by Zacks expected $298 million.
Cincinnati Bell expects full-year revenue in the range of $1.38 billion to $1.46 billion.
Cincinnati Bell shares have decreased 39 percent since the beginning of the year. The stock has fallen 41 percent in the last 12 months.