Investing.com - Frontier Communications (OTC:FTRCQ) Parent reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that was inline with expectations.
Frontier Communications Parent announced earnings per share of $0.49 on revenue of $1.44B. Analysts polled by Investing.com anticipated EPS of $0.19 on revenue of $1.44B.
Frontier Communications Parent shares are down 20% from the beginning of the year, still down 33.88% from its 52 week high of $35.15 set on November 29, 2021.
Frontier Communications Parent follows other major Communication Services sector earnings this month
Frontier Communications Parent's report follows an earnings missed by Alphabet C on October 25, who reported EPS of $1.06 on revenue of $69.09B, compared to forecasts EPS of $1.28 on revenue of $71.34B.
Meta Platforms had missed expectations on October 26 with third quarter EPS of $1.64 on revenue of $27.71B, compared to forecast for EPS of $1.93 on revenue of $27.57B.
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