Frontier Communications Q2 EPS $0.01, Inline, Sales $1.45B Beat $1.44B Estimate
Portfolio Pulse from Benzinga Newsdesk
Frontier Communications (NASDAQ:FYBR) reported Q2 earnings of $0.01 per share, meeting analyst consensus. This is a 97.56% decrease from the same period last year. The company's quarterly sales of $1.45 billion beat the analyst consensus estimate of $1.44 billion by 0.63%, but is a 0.69% decrease from last year.
August 04, 2023 | 3:06 pm
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NEGATIVE IMPACT
Frontier Communications reported Q2 earnings in line with estimates but significantly lower than last year. Sales beat estimates but are also down YoY.
The company's earnings met analyst expectations, which is positive. However, the significant decrease in earnings and sales compared to the same period last year could negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100