Cincinnati Bell (CBB) Misses Q2 EPS by 7c, Revenues Miss; Boosts FY18 Revenue Outlook Above Consensus
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Cincinnati Bell Reports Second Quarter 2018 Results
August 8, 2018 6:20 AM EDTHIGHLIGHTS
Revenue of $297 million, up 14% year-over-year Operating income totaled $20 million with Adjusted EBITDA1 of $80 million, up 3% year-over-year Entertainment and Communications revenue of $174 million, with Fioptics revenue up 11% year-over-year Fioptics internet subscribers up 10% and Fioptics video subscribers up 2% year-over-year IT Services and Hardware revenue of $128 million, up $44 million from a year ago Cash provided by operating activities totaled $90 million year-to-date, and free cash flow2 totaled $26 million year-to-date Completed combination with Hawaiian Telcom on July 2, 2018,... More