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Tuesday, February 27, 2018

=Frontier Communications (FTR) reported earnings on Tue 27 Feb 2018 (a/h)

Frontier Communications reports Q4 (Dec) results, revs in-line 
  • Reports Q4 (Dec) loss of $13.92 per share, may not be comparable to the Capital IQ Consensus of ($1.14); revenues fell 8.0% year/year to $2.22 bln vs the $2.21 bln Capital IQ Consensus.
  • Net loss for the fourth quarter of 2017 was $1.03 billion. Net loss for the fourth quarter included an $830 million tax benefit resulting from the reduction in federal tax rates, and a $1.82 billion (after tax) goodwill impairment. Net loss for the fourth quarter attributable to common shares was $1.08 billion, for a diluted net loss per common share of $13.91. Adjusted EBITDA3 totaled $919 million for an adjusted EBITDA margin of 41.5%.
  • For the full year 2018, Frontier's guidance is the following:
    • Adjusted EBITDA  Approximately $3.6 billion
    • Capital expenditures $1.0 billion to $1.15 billion
    • Operating free cash flow Approximately $800 million 

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