Cincinnati Bell (CBB) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $0.36 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.35. Analysts had a consensus of $0.01. The company posted revenue of $299.20 million in the period, compared to analysts expectations of $295.29 million. The company’s revenue was up 4.7% 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 -0.17 points or -3.43% at $4.78 with 6,08,224 shares getting traded on Tusday. Post opening the session at $4.96, the shares hit an intraday low of $4.725 and an intraday high of $4.97 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
In a different news, on May 26, 2016, Leigh R. Fox (CFO) purchased 3,212 shares at $3.07 per share price. According to the SEC, on May 26, 2016, Theodore H. Torbeck (CEO) purchased 33,033 shares at $3.05 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.