TECH - Frontier's CEO Celebrates Turnaround With Revenue Growth and Customer Base Expansion | Benzinga
Frontier Communications Parent, Inc (NASDAQ:FYBR) reported a fiscal first-quarter revenue growth of 1.5% year-on-year to $1.46 billion, versus the analyst consensus estimate of $1.44 billion.
The American telecommunications company's EPS of $0.00 beat the analyst consensus loss estimate of $(0.08). The stock gained after the print.
Declines in copper-based products offset the growth in fiber-based products. Consumer revenue was $787 million, a 3.4% growth year over year, and Consumer fiber revenue rose by 11.0% year over year to $484 million.
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Consumer fiber broadband revenue increased 12.7% year over year to $505 ...