Frontier Communications Corp. Q1 Earnings Decline 33%

(RTTNews) - Frontier Communications Corp. (FTR) announced a profit for first quarter that decreased from last year.

The company said its earnings fell to $14 million, or $0.01 per share. This was lower than $21 million, or $0.02 per share, in last year's first quarter.

Analysts had expected the company to earn -$0.10 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 0.7% to $1.36 billion. This was down from $1.37 billion last year.

Frontier Communications Corp. earnings at a glance:

-Earnings (Q1): $14 Mln. vs. $21 Mln. last year. -Earnings Decline (Y-o-Y): -33.3% -EPS (Q1): $0.01 vs. $0.02 last year. -EPS Decline (Y-o-Y): -50.0% -Analysts Estimate: -$0.10 -Revenue (Q1): $1.36 Bln vs. $1.37 Bln last year. -Revenue Change (Y-o-Y): -0.7%