Frontier Communications Q1 Sales $1.462B Beat $1.435B Estimate
Portfolio Pulse from Benzinga Newsdesk
Frontier Communications (NASDAQ:FYBR) reported Q1 sales of $1.462 billion, surpassing the analyst consensus estimate of $1.435 billion by 1.91% and marking a 1.53% increase over the previous year's sales of $1.440 billion.
May 03, 2024 | 11:02 am
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Frontier Communications reported higher than expected Q1 sales, indicating potential positive momentum.
Beating sales estimates typically indicates a company is performing better than expected, which can lead to positive investor sentiment and potentially drive the stock price up in the short term.
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