Frontier Communications (FTR) Tops Q1 EPS by 11c

Frontier Communications (NASDAQ: FTR) reported Q1 EPS of $0.01, $0.11 better than the analyst estimate of ($0.10). Revenue for the quarter came in at $1.36 billion versus the consensus estimate of $1.35 billion.

2016 Full Year Guidance

For the full year of 2016 including the impact of the California, Texas, and Florida acquisition, Frontier’s expectation for adjusted free cash flow (as calculated per Schedule A) is in the range of $800 million to $925 million and for capital expenditures for Frontier’s combined operations is in the range of $1,250 million to $1,400 million. Frontier expects 2016 cash taxes to be in the range of $5 million to $15 million.

For earnings history and earnings-related data on Frontier Communications (FTR) click here.

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