Cincinnati Bell (CBB) Misses Q4 EPS by 11c
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Cincinnati Bell Reports Fourth Quarter and Full Year 2016 Results
February 15, 2017 7:19 AM EST2016 HIGHLIGHTS
Consolidated revenue increased $18 million compared to the prior year - revenue from strategic products was up 19 percent year-over-yearEntertainment and Communications revenue totaled $769 million, up $25 million over the prior year - Fioptics revenue was up 33 percent compared to 2015Record-high 44 thousand Fioptics internet net activations - Fioptics is now available to 67 percent of Greater CincinnatiNet income totaled $102 million, resulting in diluted earnings per share of $2.18Adjusted EBITDA1 totaled $305 million in 2016, increasing $3 million over the prior yearProceeds from the $625 million of 7% senior notes due 2024 were... More