Cincinnati Bell, Inc. (CBB) Posts Q2 EPS of $0.53

Cincinnati Bell, Inc. (NYSE: CBB) reported Q2 EPS of $0.53, which may not compare to the analyst estimate of $0.01. Revenue for the quarter came in at $320 million versus the consensus estimate of $304.9 million.

Operating income for the quarter totaled $36 million and net income of $114 million. Adjusted EBITDA2 for the quarter was $100 million, down $5 million due to declines from our wireless operations and $1 million of mark-to-market expenses on compensation plans indexed to changes in our stock price.

Sees FY 2014 revenue of $1.2 billion, or $1 billion excluding Wireless. They sees Adjusted EBITDA of $383 million, or $333 million excluding Wireless.

"The initial monetization of our investment in CyrusOne and the agreement to sell our wireless spectrum are essential steps in achieving our goal of transforming Cincinnati Bell into a growing fiber based entertainment, communications and IT solutions company," said Ted Torbeck, president and chief executive officer. "The completion of these transactions and the continued growth of our strategic products demonstrates this team's ability to execute on its objectives," added Torbeck.

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

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