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Cincinnati Bell reiterates FY guidance despite lower profit in Q1

Wednesday 8 May 2019 | 14:34 CET | News
Cincinnati Bell reiterated its full year guidance after reporting first quarter revenues up 28 percent year-on-year to USD 379.6 million, including a total of USD 87 million from Hawaiian Telcom, acquired last summer. Profit fell however on depreciation, restructuring and severance costs, with the operating profit halving to USD 10.1 million from 24.2 million the year earlier and the net loss applicable to shareholders widening to USD 29.5 million or USD 0.59 per diluted share, from a loss of 10.9 million and 0.26 per share.

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Categories: Fixed
Companies: Cincinnati Bell / Hawaiian Telcom
Countries: United States
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