Frontier Communications Corp. Bottom Line Declines 27% In Q3

(RTTNews) - Frontier Communications Corp. (FTR) announced earnings for third quarter that declined from last year.

The company said its earnings came in at $35 million, or $0.03 per share. This was lower than $48 million, or $0.05 per share, in last year's third quarter.

Analysts had expected the company to earn -$0.01 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 24.6% to $1.42 billion. This was up from $1.14 billion last year.

Frontier Communications Corp. earnings at a glance:

-Earnings (Q3): $35 Mln. vs. $48 Mln. last year. -Earnings Decline (Y-o-Y): -27.1% -EPS (Q3): $0.03 vs. $0.05 last year. -EPS Decline (Y-o-Y): -40.0% -Analysts Estimate: -$0.01 -Revenue (Q3): $1.42 Bln vs. $1.14 Bln last year. -Revenue Change (Y-o-Y): 24.6%