Frontier Communications (FTR) Misses Q1 EPS by 6c, In-Line Revenues; Reiterates FY17 Guidance

Frontier Communications (NASDAQ: FTR) reported Q1 EPS of ($0.11), $0.06 worse than the analyst estimate of ($0.05). Revenue for the quarter came in at $2.36 billion versus the consensus estimate of $2.35 billion.

Guidance

For the full year 2017, Frontier reiterated its guidance of:

• Adjusted free cash flow - $800 million to $1.0 billion
• Capital expenditures - $1.0 billion to $1.25 billion
• Integration - operating expense less than $50 million; capital expenditures less than $50 million
• Cash taxes - $0 to $50 million

Financial Highlights for the First Quarter 2017

• Revenue of $2,356 million
• Operating income of $271 million; operating margin of 11.5%
• Net loss of $75 million; net loss attributable to common shares of $129 million, or ($0.11) per share
• Adjusted EBITDA3 of $923 million; Adjusted EBITDA margin4 of 39.2%
• Net cash provided from operating activities of $300 million
• Adjusted free cash flow5 of $175 million

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

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