Frontier Communications Expects Adj EBITDA Of $2.22B-$2.25B (Prior $2.20B-$2.25B)
Portfolio Pulse from Benzinga Newsdesk
Frontier Communications has updated its 2024 financial guidance, increasing the low end of its adjusted EBITDA range to $2.22-$2.25 billion from $2.20-$2.25 billion. Net cash interest payments are expected to rise to $760 million, while cash taxes are projected to decrease to $10 million.
August 02, 2024 | 11:04 am
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Frontier Communications has updated its 2024 financial guidance, increasing the low end of its adjusted EBITDA range to $2.22-$2.25 billion from $2.20-$2.25 billion. Net cash interest payments are expected to rise to $760 million, while cash taxes are projected to decrease to $10 million.
The increase in the low end of the adjusted EBITDA range suggests improved profitability, which is positive for the stock. However, the rise in net cash interest payments could be a slight concern, though it is offset by a decrease in cash taxes.
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