Frontier Communications (FTR) Misses Q3 EPS by 4c, Revenues In-Line

Frontier Communications (NASDAQ: FTR) reported Q3 EPS of ($1.19), $0.04 worse than the analyst estimate of ($1.15). Revenue for the quarter came in at $2.25 billion versus the consensus estimate of $2.25 billion.

Guidance

For the full year 2017, Frontier’s guidance is the following:

• Adjusted free cash flow5 - $730 million to $750 million
• Capital expenditures - $1.15 billion to $1.2 billion
• Integration - operating expense $20 million; capital expenditures $50 million
• Storm impact - operating expense $28 million; capital expenditures $12 million
• Net cash tax refund - $50 million

For the fourth quarter 2017, Frontier’s guidance is the following:

• Adjusted EBITDA6 - $910 million to $930 million
• Cash pension/OPEB - $34 million

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

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