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Frontier Communications’ Q3 2018 Earnings: The Must-Knows

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Frontier’s earnings in Q3 2018

Frontier Communications (FTR) stock reacted negatively to the company’s third-quarter earnings, falling ~22.8% on November 7. Frontier’s adjusted net loss attributable to its common shareholders decreased to $7.0 million in the third quarter, compared to a net loss of $73.0 million in the third quarter of 2017. The telecom company reported an EPS loss of $0.07 in the third quarter of 2018, narrower than its adjusted EPS loss of $0.94 in the third quarter of 2017. Wall Street analysts, on average, were expecting the company to post an adjusted EPS loss of $0.23 in the third quarter.

Frontier generated total revenue of $2.1 billion in the third quarter, which was in line with the consensus estimate. However, the company’s revenues decreased ~5.6% year-over-year or YoY from $2.3 billion in the third quarter of 2017.

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Peers’ EPS in Q3 2018

Comcast’s (CMCSA) adjusted EPS rose ~27.5% YoY to $0.65 in the third quarter. Charter Communications’ (CHTR) reported adjusted EPS of $1.36 versus $0.19 in the third quarter of 2017.

In the integrated US telecom market, AT&T’s (T) adjusted EPS grew ~21.6% YoY to $0.90, whereas Verizon’s (VZ) adjusted EPS rose ~24.5% YoY to $1.22.

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