Frontier Communications Corporation FTRreported a narrower-than-expected loss in first-quarter 2018.
Top- and Bottom-Line Results
Frontier Communications reported an adjusted loss of 58 cents per share in the first quarter. The reported figure was narrower than the Zacks Consensus Estimate of a loss of 83 cents.
Revenues in the reported quarter came in at $2,199 million, surpassing the Zacks Consensus Estimate of $2,192 million. However, the top line was lower than the year-ago tally of $2,356 million.
Segmental Details
Revenues in the Customer segment were $2,102 million in the reported quarter, down 2.6% year over year.
Subsidy and other regulatory segments revenues in the first quarter came in at $97 million, tanking 50.8% year over year.