Cincinnati Bell Inc. Q3 Earnings Fall 57%

(RTTNews) - Cincinnati Bell Inc. (CBB) released a profit for third quarter that fell from last year.

The company said its profit dropped to $1.3 million, or $0.03 per share. This was down from $3.0 million, or $0.07 per share, in last year's third quarter.

Analysts had expected the company to earn -$0.01 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 7.4% to $289.2 million. This was down from $312.4 million last year.

Cincinnati Bell Inc. earnings at a glance:

-Earnings (Q3): $1.3 Mln. vs. $3.0 Mln. last year. -Earnings Decline (Y-o-Y): -56.7% -EPS (Q3): $0.03 vs. $0.07 last year. -EPS Decline (Y-o-Y): -57.1% -Analysts Estimate: -$0.01 -Revenue (Q3): $289.2 Mln vs. $312.4 Mln last year. -Revenue Change (Y-o-Y): -7.4%

-Guidance: Full year revenue guidance: $1.35 - $1.40 Bln