Frontier Communications (FYBR) Reports Q3 Loss, Tops Revenue Estimates
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Frontier Communications (FYBR) reported a Q3 loss of $0.33 per share, missing the Zacks Consensus Estimate of a $0.22 loss. However, the company exceeded revenue expectations.
November 06, 2024 | 12:00 am
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Frontier Communications reported a larger-than-expected Q3 loss of $0.33 per share, missing the Zacks Consensus Estimate of a $0.22 loss. Despite this, the company exceeded revenue expectations.
The larger-than-expected loss per share is likely to negatively impact investor sentiment, leading to a short-term decline in stock price. However, exceeding revenue expectations may mitigate some negative effects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100