Cincinnati Bell Inc (NYSE:CBB) announced its quarterly earnings data on Thursday. The utilities provider reported $0.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.05, Bloomberg Earnings reports. Cincinnati Bell had a negative return on equity of 3.87% and a net margin of 6.84%. The business had revenue of $289.20 million during the quarter, compared to analyst estimates of $286.22 million. During the same quarter in the prior year, the firm posted $0.38 earnings per share. The company’s revenue was down 7.4% on a year-over-year basis.

Several equities research analysts recently issued reports on the company. BidaskClub downgraded Cincinnati Bell from a “buy” rating to a “hold” rating in a research note on Saturday, August 19th. ValuEngine raised Cincinnati Bell from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Gabelli lowered Cincinnati Bell from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $23.50.

WARNING: This piece was reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of US & international copyright legislation. The original version of this piece can be read at https://www.americanbankingnews.com/2017/11/02/cincinnati-bell-inc-cbb-releases-quarterly-earnings-results-misses-estimates-by-0-01-eps.html.

About Cincinnati Bell

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.

Earnings History for Cincinnati Bell (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.