Cincinnati Bell (CBB) Reports Q2 EPS of $0.07, Beats on Revenues; Reaffirms FY Revenue Guidance Above Consensus

Cincinnati Bell (NYSE: CBB) reported Q2 EPS of $0.07. Revenue for the quarter came in at $294 million versus the consensus estimate of $288.03 million.

HIGHLIGHTS

• Strategic revenue of $171 million, up 9% year-over-year, highlighting continued strong demand for Fioptics and cloud services
• Entertainment and Communications revenue of $201 million, up 5% year-over-year
• Fioptics internet subscribers up 22% and Fioptics video subscribers up 13% year-over-year
• Cash provided by operating activities totaled $123 million year-to-date, up $25 million year-over-year
• Free cash flows1 totaled $30 million year-to-date, up $47 million compared to the prior year
• Announced planned mergers with Hawaiian Telcom and OnX Enterprise Solutions to accelerate Cincinnati Bell's leadership in fiber growth and IT cloud migration through enhanced scale and diversification

GUIDANCE:

Cincinnati Bell sees FY2017 revenue of $1.2 billion, versus the consensus of $1.15 billion.

For earnings history and earnings-related data on Cincinnati Bell (CBB) click here.

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