Company breaks even despite analyst expectations
- Frontier Communications’ profit narrows in Q1
- Revenue climbs in consumer business
- Business and wholesale channel revenue remains flat
- Analysts expected a loss, but the company broke even
- Consumer revenue rises 3.4% to $787 million
- Consumer fiber broadband business revenue jumps by a quarter
- Frontier’s business and wholesale channel revenue stays roughly flat
Frontier Communications’ parent company reported a lower profit in the first quarter, while revenue increased in its consumer business but remained flat in its business and wholesale channel. The company posted a profit of $1 million, compared to $3 million in the same quarter last year. Analysts had expected a loss, but the company broke even. Revenue ticked up to $1.46 billion from $1.44 billion, with consumer revenue rising 3.4% to $787 million. The consumer fiber broadband business saw a significant increase in revenue, while the business and wholesale channel revenue stayed roughly flat.
Factuality Level: 9
Factuality Justification: The article provides clear and concise information about Frontier Communications’ financial performance in the first quarter. It presents facts supported by data and analyst projections without any digressions, sensationalism, or bias. The information is relevant and directly related to the main topic, making it highly factual.
Noise Level: 3
Noise Justification: The article provides a clear and concise overview of Frontier Communications’ financial performance in the first quarter. It includes relevant information such as profit, revenue, analyst expectations, and breakdown of revenue by consumer and business segments. The article stays on topic and supports its claims with data and examples. However, it lacks in-depth analysis, antifragility considerations, and accountability of powerful people, which prevents it from receiving a higher rating.
Financial Relevance: Yes
Financial Markets Impacted: Frontier Communications
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to financial topics as it discusses Frontier Communications’ lower profit in the first quarter and its revenue performance in different business segments.
Public Companies: Frontier Communications (FTRCQ)
Key People:
Reported publicly:
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