Cincinnati Bell Inc (NYSE:CBB) is reporting third quarter financial results on Thursday 5th November 2020, before market open.
According to analysts surveyed by Thomson Reuters, CBB is expected to report 3Q20 loss of $ 0.15 per share from revenue of $ 381.14 million.
For the full year, analysts anticipate top line of $ 1528.86 million, while looking forward to loss of $ 1.45 per share bottom line.
Previous Quarter Performance
Cincinnati Bell Inc came out with loss for the second quarter of $ 0.27 per share, from the revenue of $ 380.00 million. The quarterly revenues contracted 1.09 percent compared with the same quarter last year. According to street consensus, CBB was expected to report 2Q20 loss of $ 0.24 per share from revenue of $ 379.06 million. The bottom line results missed street analysts by $ 0.03 or 12.5 percent, at the same time, top line results outshined analysts by $ 0.94 million or 0.25 percent.
Stock Performance
Shares of Cincinnati Bell Inc traded up $ 0.16 or 1.05 percent on Wednesday, reaching $ 15.35 with volume of 470.80 thousand shares. Cincinnati Bell Inc has traded high as $ 15.35 and has cracked $ 15.16 on the downward trend
The closing price of $ 15.35, representing a 275.06 % increase from the 52 week low of $ 4.05 and a 5.36 % decrease over the 52 week high of $ 16.05.
The company has a market capital of $ 777.95 million and is part of the Communication Services sector and Telecom Services industry.
Cincinnati Bell Inc., together with its subsidiaries, provides diversified telecommunications and technology services to residential and business customers in the United States. It operates in two segments, Entertainment and Communications, and IT Services and Hardware. The Entertainment and Communications segment offers data services, including high-speed Internet access, data transport, and interconnection services, as well as metro-Ethernet products; and voice local services, as well as long distance, digital trunking, switched access, and other value-added services, such as caller identification, voicemail, call waiting, and call return.
