Frontier’s adjusted EBITDA

Frontier Communications’ (FTR) adjusted EBITDA decreased ~3.9% YoY (year-over-year) to $873 million in the first quarter. However, the company’s adjusted EBITDA margin expanded to 41.6% in the first quarter from 41.3% in the first quarter of 2018.

For fiscal 2019, Frontier Communications expects its adjusted EBITDA to be $3.45 billion–$3.55 billion—down from $3.565 billion reported in fiscal 2018.

Frontier Focuses on Cost-Cutting Measures to Boost Profitability

Cost-cutting initiatives

To compensate for the slowing revenue growth trend and to improve the margins and earnings, Frontier Communications is working to curb its costs. During the JPMorgan Global Technology, Media and Communications Conference held on May 14, Daniel McCarthy, Frontier Communications’ president and CEO, talked about the company’s latest cost-cutting initiatives. McCarthy reaffirmed the company’s goal of a $500 million run rate EBITDA benefit by the end of fiscal 2020.

The efforts include operational and revenue enhancements, customer care, and technical support, which are expected to improve sales, enhance customer satisfaction, and reduce costs.

Latest articles

President Trump tweeted about his plans to meet with Apple (AAPL) CEO Tim Cook. It's possible that they could discuss Apple’s US manufacturing plans.

WeWork is gearing up for an IPO. On Wednesday, the company made its IPO filing with the SEC public and expects to garner $3.5 billion from its IPO.

After FCC Chairman Ajit Pai recommended the approval of the T-Mobile–Sprint merger, Representative David Cicilline urged the FCC to allow public comment.

Cresco Labs (CRLBF) is set to report its Q2 earnings on August 21 after the market closes. The company's stock fell 5.3% yesterday.

Cannabis stocks mostly traded in positive territory today. Supreme Cannabis (FIRE) and Aurora Cannabis (ACB) rose about 9.5% and 5.5%, respectively.

NVIDIA (NVDA) stock soared 6% in today’s trading session as its Q2 earnings for fiscal 2020 beat estimates. However, its guidance missed estimates.