Frontier Communications’ (FTR) adjusted net loss attributable to its common shareholders decreased to $19 million in the first quarter as compared to a net loss of $45 million in the first quarter of 2018. The company reported an adjusted EPS loss of $0.18 in the first quarter, narrower than its adjusted EPS loss of $0.58 in the first quarter of 2018. Wall Street analysts on average were expecting the company to report adjusted EPS loss of $0.38 in the first quarter.
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Frontier generated total revenues of $2.101 billion in the first quarter, which was in line with analysts’ consensus estimate of $2.102 billion. However, the company’s revenues decreased by ~4.5% YoY from $2.199 billion in the first quarter of 2018.
In comparison, Comcast’s (CMCSA) adjusted EPS rose ~22.6% YoY to $0.76 in the first quarter. Charter Communications (CHTR) reported adjusted EPS of $1.11 in the first quarter as compared with $0.70 in the first quarter of 2018. CenturyLink’s (CTL) adjusted EPS are expected to grow ~8.0% YoY to $0.27.