FYBR - Frontier Communications' Fiber Growth Sparks Optimism Despite Revenue Dip Targets 1.3M Builds in 2024 | Benzinga
Frontier Communications Parent, Inc (NASDAQ:FYBR) reported a fourth-quarter fiscal 2023 revenue decline of 0.8% year-on-year to $1.43 billion, versus the consensus of $1.42 billion.
The American telecommunications company’s EPS of $0.07 beat the consensus loss of $(0.12).
Declines in copper-based products offset the growth in fiber-based products. Consumer revenue was $774 million, a 1.3% growth Y/Y, and Consumer fiber revenue rose by 11.0% Y/Y to $484 million.
Consumer fiber broadband revenue increased 25.1% ...