DALLAS (AP) — DALLAS (AP) — Frontier Communications Parent Inc. (FYBR) on Thursday reported a loss of $118 million in its fourth quarter.
The Dallas-based company said it had a loss of 47 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 19 cents per share.
The telecommunications company posted revenue of $1.51 billion in the period, exceeding Street forecasts. Four analysts surveyed by Zacks expected $1.47 billion.
For the year, the company reported a loss of $322 million, or $1.30 per share. Revenue was reported as $5.94 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FYBR at https://www.zacks.com/ap/FYBR
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