Cincinnati Bell (NYSE:CBB) Loss Shrinks but Misses Analysts Forecasts – CBB, TDS, VZ, CTL

Cincinnati Bell Inc (NYSE:CBB) announced on Wednesday that its loss shriveled in the Q4 of fiscal year 2012 as revenue hiked and it did not repeat impairment and revamping charges from previous year.

However, financial results of the company fell below analysts’ forecasts and its guidance was weaker than forecasted. Shares of the company tumbled 22%.

Net loss in fiscal fourth quarter finished Dec 31 shrank to $12.4 million or 6 cents a share, from a loss of $33 million or 17 cents a share in same period previous year.

The adjusted loss was a penny per share without items like the loss on the extinguishment of debt. Revenue surged 3% to $374.7 million from $365.3 million in previous year.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Telephone & Data Systems, Inc. (NYSE:TDS) fell -0.17% to settle at $23.32, Verizon Communications Inc. (NYSE:VZ) moved up +0.50% to end at $46.35 while CenturyLink, Inc. (NYSE:CTL) jumped +1.11% to finish at $34.51 on Wednesday.

Cincinnati Bell Inc. (NYSE:CBB) last session’s volume of 60.36 million shares was higher than its average volume of 4.06 million shares. The stock after opening at $3.90 hit high price of $3.95 and then closed at $3.23 by scoring -22.17%.

CBB generated revenue of $1.46 billion in the previous twelve months and earned -$19.80 million. The Company showed a negative -0.64% in the net profit margin as well as in its operating margin which remained at 15.12%. Company’s annual sales growth for the past five years was 2.86%.

The CBB’s past twelve months’ price to sales ratio was 0.44 and price to cash ratio remained 83.66. As far as the returns are concerned, CBB’s return on asset was recorded as -0.35% and return on investment decreased -0.40%.

The stock showed weekly downbeat performance of -23.46% which was maintained for the month at -32.71%. Likewise the negative performance for the quarter was recorded as -37.52% and for the year was -14.55% while the YTD performance remained at -41.06%.

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