Frontier Communications (FYBR) Misses Q1 EPS by 5c

Frontier Communications (NASDAQ: FYBR) reported Q1 EPS of $0.01, $0.05 worse than the analyst estimate of $0.06. Revenue for the quarter came in at $1.44 billion versus the consensus estimate of $1.43 billion.

Frontier’s guidance for the full year 2023 is:

• Adjusted EBITDA of $2.11 - $2.16 billion, unchanged from prior guidance
• Fiber build of 1.3 million new locations, unchanged from prior guidance
• Cash capital expenditures of $3.00 - $3.20 billion, an increase from prior guidance of $2.80 billion, reflecting higher inventory levels and fiber build costs
• Cash taxes of approximately $20 million, unchanged from prior guidance
• Net cash interest payments of approximately $655 million, an increase from prior guidance of $630 million, reflecting the $750 million of debt raised in March 2023
• Pension and OPEB expense of approximately $50 million (net of capitalization), unchanged from prior guidance
• Cash pension and OPEB contributions of approximately $125 million, unchanged from prior guidance

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

You May Also Be Interested In

• Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
• Accenture downgraded by TD Cowen on AI concerns
• Alphabet slides over 6% as AI brain drain and SpaceX slump converge