Cinci Bell revenue, profit increase

Independent telco Cincinnati Bell posted a 6 percent increase in net income in its second quarter earnings report and a 7 percent increase in revenue. The profit mark was $26 million and gave the company earnings per share of 9 cent, about 10 percent higher than the same period last year. Revenue came in at $351 million. Wireline segment revenue was down slightly, but lower voice revenue was mostly offset by improvements in wireless, DSL and other areas. The telco recently named a new chief operating officer and a new chief financial officer, and is coming off a period in which it made a handful of small acquisitions.

For more:
- see this press release

Suggested Articles

Segra, one of the largest fiber infrastructure companies in the Eastern U.S., has bought NorthState for an undisclosed sum.

IBM CEO Arvind Krishna is looking to right the ship and return Big Blue to profitability by reducing the workforce.

HPE is picking up the pieces from a rocky Q2 due to supply chain issues related to the coronavirus pandemic.