WASHINGTON (dpa-AFX) - Frontier Communications Corporation (FTR) reported fourth-quarter net income to shareholders of $13.95 million or $0.01 per basic share, compared to $67.76 million or $0.07 per basic share, prior year. Adjusted net income was $36 million or $0.04 per share, for the quarter.
On average, ten analysts polled by Thomson Reuters expected the company to report profit per share of $0.05 for the quarter. Analysts' estimates typically exclude special items.
Revenue increased to $1.33 billion from $1.18 billion last year. Analysts expected revenue of $1.34 billion for the quarter.
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