WASHINGTON (dpa-AFX) - Frontier Communications Corp. (FTR) reported net income for the first quarter of $48.1 million or $0.05 per share, compared to $26.8 million or $0.03 per share for the year-ago quarter.
Excluding items, adjusted net income for the first quarter was $48.8 million or $0.05 per share, compared to $52.5 million or $0.05 per share in the prior year quarter.
Revenue for the first quarter fell to $1.21 billion from $1.27 billion a year ago, due to decreases in voice revenues and lower switched and nonswitched access revenue, partially offset by an $18.3 million, or 9%, increase in data services revenue.
Analysts polled by Thomson Reuters expected the company to earn $0.06 per share on revenue of $1.22 billion for the first quarter. Analysts' estimates typically exclude special items.
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