Cincinnati Bell (CBB) reported quarterly earnings results on Thursday, May-5-2016. The company reported $0.02 EPS for the quarter. Analysts had a consensus estimate of $0.02. The company posted revenue of $288.90 million in the period, compared to analysts expectations of $294.41 million. The company’s revenue was down -1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.01 EPS.
Cincinnati Bell closed down -0.02 points or -0.51% at $3.92 with 5,84,879 shares getting traded on Wednesday. Post opening the session at $3.9, the shares hit an intraday low of $3.87 and an intraday high of $3.9615 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Feb 23, 2016, Theodore H. Torbeck (CEO) purchased 33,033 shares at $3.05 per share price. According to the SEC, on Feb 23, 2016, Leigh R. Fox (CFO) purchased 3,212 shares at $3.07 per share price. On Nov 12, 2015, Phillip R Cox (director) sold 60,525 shares at $3.72 per share price, according to the Form-4 filing with the securities and exchange commission.
Cincinnati Bell Inc. along with its consolidated subsidiaries is a provider of integrated communications solutions in the Greater Cincinnati area. The Company has operations within three segments: Wireline IT Services and Hardware and Wireless. The Wireline segment provides products and services such as data transport high-speed internet entertainment local voice long distance VoIP and other services. The IT Services and Hardware segment provides managed IT solutions including managed infrastructure services IT and telephony equipment sales and professional IT staffing services. Cincinnati Bell Wireless LLC provides digital wireless voice and data communications services through the operation of a Global System for Mobile Communications/General Packet Radio Service network with a 3G Universal Mobile Telecommunications System and 4G High Speed Packet Access+ network overlay which is able to provide high-speed data services such as streaming video.