CINCINNATI (AP) _ Cincinnati Bell Inc. (CBB) on Wednesday reported a fourth-quarter loss of $1.3 million, after reporting a profit in the same period a year earlier.
The Cincinnati-based company said it had a loss of 9 cents per share. Earnings, adjusted for one-time gains and costs, came to 1 cent per share.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.
The regional telephone company posted revenue of $285.3 million in the period, which also fell short of Street forecasts. Six analysts surveyed by Zacks expected $305.3 million.
For the year, the company reported profit of $102.1 million, or $2.18 per share. Revenue was reported as $1.19 billion.
Cincinnati Bell expects full-year revenue of $1.2 billion.
Cincinnati Bell shares have declined 2 percent since the beginning of the year. The stock has climbed 34 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CBB at https://www.zacks.com/ap/CBB
Keywords: Cincinnati Bell, Earnings Report