Frontier Communications (FTR) Misses Q1 EPS by 1c; Reaffirms Outlook

Frontier Communications (NASDAQ: FTR) reported Q1 EPS of $0.05, $0.01 worse than the analyst estimate of $0.06. Revenue for the quarter came in at $1.27 million versus the consensus estimate of $1.26 billion.

At March 31, 2012, the Company had 3,038,900 residential customers and 302,100 business customers. The Company grew its broadband customers by 11,700 during the first quarter of 2012. The Company had 1,775,900 broadband customers at March 31, 2012. The Company had net additions of 4,400 video customers during the first quarter of 2012, which includes 9,200 net additions of satellite TV customers and a net loss of 4,800 FiOS video customers. The Company had 561,900 video customers at March 31, 2012.

Frontier Communications reaffirmed FY2012 guidance.

For earnings history and earnings-related data on Frontier Communications (FTR) click here.

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