Frontier Communications (FTR) Reports In-Line Q2 EPS; Updates FY15 Outlook

Frontier Communications (NASDAQ: FTR) reported Q2 EPS of $0.03, in-line with the analyst estimate of $0.03. Revenue for the quarter came in at $1.37 billion versus the consensus estimate of $1.36 billion.

2015 Guidance Updated

For the full year of 2015, the Company is updating its guidance to take into consideration its acceptance of the Federal Communications Commission’s CAF II subsidy program. The Company’s expectation for free cash flow is $825 million to $865 million and for capital expenditures for Frontier business operations is $700 million to $750 million. The Company expects that absent any further legislative changes in 2015, our 2015 cash taxes will be $95 million to $110 million.

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

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