Frontier Communications: Q2 Earnings Snapshot
NORWALK, Conn. (AP) _ Frontier Communications Parent Inc. (FYBR) on Friday reported second-quarter net income of $101 million.
On a per-share basis, the Norwalk, Connecticut-based company said it had net income of 41 cents.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share.
The telecommunications company posted revenue of $1.46 billion in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $1.45 billion.