CINCINNATI (AP) _ Cincinnati Bell Inc. (CBB) on Wednesday reported a loss of $26.9 million in its first quarter.
The Cincinnati-based company said it had a loss of 59 cents per share. Losses, adjusted for one-time gains and costs, came to 48 cents per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 21 cents per share.
The regional telephone company posted revenue of $379.6 million in the period, which also fell short of Street forecasts. Four analysts surveyed by Zacks expected $386.8 million.
Cincinnati Bell expects full-year revenue in the range of $1.52 billion to $1.58 billion.
Cincinnati Bell shares have increased 15% since the beginning of the year. The stock has decreased 43% 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