Based in Stamford, CT, Frontier Communications Corporation (FTR) is a communications company providing services to rural areas and small and medium-sized towns and cities.
Frontier offers voice, high-speed Internet, satellite video, wireless Internet data access, data security solutions, bundled offerings, specialized bundles for small businesses and home offices, and advanced business communications access solutions for medium and large businesses.
Frontier Communications currently carries a Zacks Rank #3 (Hold) but that could change following its second quarter 2015 earnings report which has just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: The Company beats second quarter earnings. Our consensus called for EPS of $0.02, and the company reported EPS of $0.03.
Revenue: Frontier Communications generated total revenue of $1,368 million, below the Zacks Consensus Estimate of $1,371 million.
Key States to Note: As of June 30, 2015, the number of residential customers declined 0.6% to 3,177,000. The average monthly residential revenue per customer was $64.43 against $59.64 in the year-ago quarter. Business subscribers decreased 0.6% year over year to 299,000. The average monthly business revenue per customer was $689.21 against $648.71 in the prior-year quarter.
Check back for our full write up on this Frontier Communications earnings report later!
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