Cincinnati Bell Inc. (CBB) reported that its third-quarter net income applicable to shareowners increased to $25.1 million or $0.12 per share from $24.0 million or $0.10 per share a year ago.
On average, 7 analysts polled by Thomson Reuters expected the company to report profit of $0.12 per share for the quarter. Analysts' estimates typically exclude special items.
Revenue decreased to $337.7 million from $346.5 million last year. Analysts expected revenue of $329.10 million for the quarter.
Cincinnati Bell reaffirmed its guidance for fiscl 2009. The company expects fiscal 2009 revenue in the range of $1.3 billion-$1.4 billion.
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