Cincinnati Bell Earnings: Everything You Must Know Now

Cincinnati Bell Inc. (NYSE:CBB) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

Cincinnati Bell Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 20% to $0.04 in the quarter versus EPS of $0.05 in the year-earlier quarter.

Revenue: Decreased 15.26% to $312 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Cincinnati Bell Inc. reported adjusted EPS income of $0.04 per share. By that measure, the company beat the mean analyst estimate of $0.02. It beat the average revenue estimate of $304.26 million.

Quoting Management: “Our second quarter results closed the first half of 2013 on a very strong note, highlighted by the record numbers put up by our Fioptics product team,” said Ted Torbeck, president and chief executive officer. “We continue to have confidence that our investments in fiber, combined with the eventual monetization of CyrusOne, will create a fiber-based growth company with significant, sustainable free cash flows.”

Key Stats (on next page)…

Revenue decreased 4.21% from $325.7 million in the previous quarter. EPS increased 300% from $0.01 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.02 and has not changed. For the current year, the average estimate has moved down from $0 to a loss of $0.08 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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