Cincinnati Bell Inc. (CBB) Posts Earnings Results, Misses Estimates By $0.60 EPS

Cincinnati Bell Inc. (NYSE:CBB) posted its quarterly earnings results on Tuesday. The utilities provider reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by $0.60. The company had revenue of $278 million during the quarter, compared to analysts’ expectations of $291.68 million. Cincinnati Bell had a net margin of 11.43% and a negative return on equity of 4.95%. Cincinnati Bell’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter last year, the company earned $0.02 earnings per share.

Cincinnati Bell (NYSE:CBB) traded up 3.134% during midday trading on Friday, hitting $17.275. The stock had a trading volume of 203,623 shares. Cincinnati Bell has a 12-month low of $16.05 and a 12-month high of $25.65. The stock has a 50-day moving average price of $17.79 and a 200 day moving average price of $20.00. The firm has a market cap of $727.86 million, a P/E ratio of 5.007 and a beta of 1.77.

Earnings History for Cincinnati Bell (NYSE:CBB)

Several institutional investors have recently added to or reduced their stakes in the company. Princeton Alpha Management LP bought a new position in Cincinnati Bell during the third quarter worth about $112,000. BNP Paribas Arbitrage SA bought a new position in Cincinnati Bell during the first quarter worth about $161,000. Mason Street Advisors LLC raised its position in Cincinnati Bell by 7.3% in the first quarter. Mason Street Advisors LLC now owns 9,851 shares of the utilities provider’s stock worth $174,000 after buying an additional 668 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its position in Cincinnati Bell by 0.5% in the third quarter. Municipal Employees Retirement System of Michigan now owns 46,700 shares of the utilities provider’s stock worth $191,000 after buying an additional 210 shares in the last quarter. Finally, Karp Capital Management Corp bought a new position in Cincinnati Bell during the first quarter worth about $231,000.

TRADEMARK VIOLATION NOTICE: This news story was first published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are viewing this news story on another publication, it was illegally stolen and republished in violation of U.S. & international copyright law. The legal version of this news story can be read at https://www.chaffeybreeze.com/2017/05/19/cincinnati-bell-inc-cbb-announces-earnings-results-updated.html.

Cincinnati Bell Company Profile

Cincinnati Bell Inc, along with its subsidiaries, provides diversified telecommunications and technology services. The Company operates through two segments: Entertainment and Communications, and IT Services and Hardware. Through its Entertainment and Communications segment, the Company provides high-speed data, video and voice solutions to consumers and businesses over fiber network and a legacy copper network.

5 Day Chart for NYSE:CBB

Receive News & Ratings for Cincinnati Bell Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cincinnati Bell Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply