Cincinnati Bell (CBB) Q1 Loss Widens Y/Y, Revenues Increase
Zacks Investment Research | May 07, 2019 10:56PM ET
Cincinnati Bell Inc. (NYSE:CBB) reported lower-than-expected first-quarter 2019 financial results, wherein both the top line and the bottom line missed the respective Zacks Consensus Estimate.
Net Loss
On a GAAP basis, net loss for the quarter was $29.5 million or loss of 59 cents per share compared with net loss of $10.9 million or loss of 26 cents per share in the year-ago quarter. The year-over-year deterioration despite top-line growth was mainly due to higher operating expenses.
Non-GAAP net loss came in at $24.1 million or loss of 48 cents per share compared with net loss of $8 million or loss of 19 cents per share in the prior-year quarter. The bottom line was wider than the Zacks Consensus Estimate of a loss of 21 cents.
Cincinnati Bell Inc Price, Consensus and EPS Surprise
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