Cincinnati Bell Inc. Profit Falls 59% In Q3

(RTTNews) - Cincinnati Bell Inc. (CBB) announced earnings for third quarter that declined from last year.

The company said its bottom line fell to $2.9 million, or $0.07 per share. This was down from $7.1 million, or $0.17 per share, in last year's third quarter.

The company said revenue for the quarter rose 4.2% to $312.4 million. This was up from $299.8 million last year.

Cincinnati Bell Inc. earnings at a glance:

-Earnings (Q3): $2.9 Mln. vs. $7.1 Mln. last year. -Earnings Decline (Y-o-Y): -59.2% -EPS (Q3): $0.07 vs. $0.17 last year. -EPS Decline (Y-o-Y): -58.8% -Revenue (Q3): $312.4 Mln vs. $299.8 Mln last year. -Revenue Change (Y-o-Y): 4.2%

-Guidance: Full year revenue guidance: $1.2 Bln