Frontier Communications Reaffirms FY23 Adj. EBITDA Outlook of $2.11B - $2.16B
Portfolio Pulse from Benzinga Newsdesk
Frontier Communications has updated its FY23 guidance, reaffirming its adjusted EBITDA outlook of $2.11B - $2.16B. The company also updated its net cash interest payments to approximately $700 million, up from the previous guidance of $655 million. This change reflects the $1.6 billion of debt raised in August 2023.
November 01, 2023 | 11:06 am
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Frontier Communications' reaffirmation of its FY23 EBITDA outlook and increase in net cash interest payments may impact its stock performance.
The reaffirmation of Frontier Communications' FY23 EBITDA outlook indicates stability in the company's financial performance. However, the increase in net cash interest payments, due to the $1.6 billion debt raised, could raise concerns about the company's debt management, potentially impacting the stock's performance.
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IMPORTANCE 75
RELEVANCE 100