Frontier Communications Q4 GAAP EPS $0.07 Beats $(0.12) Estimate, Sales $1.43B Beat $1.42B Estimate
Portfolio Pulse from Benzinga Newsdesk
Frontier Communications (NASDAQ:FYBR) reported Q4 GAAP EPS of $0.07, surpassing the $(0.12) estimate, with sales of $1.43B also beating the $1.42B estimate. This represents a decrease in earnings and sales compared to the same period last year.
February 23, 2024 | 12:01 pm
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Frontier Communications reported higher than expected Q4 earnings and sales, with an EPS of $0.07 and revenue of $1.43B, beating estimates.
The positive earnings and sales beat by Frontier Communications (FYBR) suggests a strong performance, likely leading to a positive short-term impact on its stock price. Despite the year-over-year decline, beating estimates is a positive signal to investors and could lead to increased investor confidence and stock price appreciation in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100