Frontier Communications Reports Second Quarter 2019 Results
FRONTIER COMMUNICATIONS (FTR)
Last frontier communications earnings: 3/31 05:21 pm
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US:NASDAQ Investor Relations:
investor.frontier.com/investor-relations
Company Research
Source: Business Wire
Total second quarter revenue of $2.07 billionNet loss of $5.32 billion, includes a goodwill impairment of $5.45 billionSecond quarter Adjusted EBITDA1 of $882 millionNet broadband unit losses of 71,000Realized a $160 million annualized transformation program EBITDA benefit in second quarter; expecting a $200 million annualized exit-rate transformation EBITDA benefit at year-end 2019Reducing 2019 Adjusted EBITDA guidance range to $3.35 billion to $3.42 billion; reducing 2020 transformation benefit targetCompany maintains liquidity of $786 million as of June 30, 2019 NORWALK, Conn.--(BUSINESS WIRE)--Frontier Communications Corporation (NASDAQ:FTR) today reported financial results for the second quarter ended June 30, 2019.“We continue to strive to optimize our business by leveraging our best assets for future growth while managing the segments of our business in secular decline by executing on cost efficiency programs and selective capital investment. Although we achieved second quar
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