Cincinnati Bell Q3 Loss Narrows

(RTTNews) - Cincinnati Bell Inc. (CBB) reported that its third-quarter net loss applicable to common shareowners narrowed to $16.2 million or $0.32 per share from $20.3 million or $0.41 per share in the prior year.

Quarterly revenue declined to $382.5 million from $386.7 million last year.

Analysts polled by Thomson Reuters expected the company to report a loss of $0.16 per share and revenues of $381.87 million. Analysts' estimates typically exclude special items.

For fiscal year 2019, the company expects revenue to be in the range of $1.515 billion - $1.575 billion. Analysts expect the company to report revenues of $1.54 billion for fiscal year 2019.