Cincinnati Bell Reports First Quarter 2020 Results

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Go back to Cincinnati Bell Reports First Quarter 2020 Results

Cincinnati Bell (CBB) Tops Q1 EPS by 32c, Revenues Beat

May 5, 2020 6:31 AM EDT

Cincinnati Bell (NYSE: CBB) reported Q1 EPS of $0.20, $0.32 better than the analyst estimate of ($0.12). Revenue for the quarter came in at $380 million versus the consensus estimate of $374.01 million.

HIGHLIGHTS

Cincinnati Bell entered into a merger agreement with Macquarie Infrastructure Partners ("MIP") to be acquired for $2.9 billion transaction price represents a 101% premium to the closing price on December 20,... More