Seeking Alpha

Poor 2013 guidance has led Cincinnati Bell (CBB -21.3%) to crumble to new 52-week lows following...

Poor 2013 guidance has led Cincinnati Bell (CBB -21.3%) to crumble to new 52-week lows following its Q4 report. Data center subsidiary CyrusOne (CONE -2.9%), which CBB still owns 71.6% of following a Jan. IPO, is posting more modest losses in response to its own report. Excluding Cyrus One, CBB expects 2013 revenue of $1.2B, below a $1.24B consensus. On its earnings call, the telco admitted its wireless ops face "intense competitive pressures from the national players," and that it's becoming harder to offset subscriber losses with cost cuts.

Check out Seeking Alpha’s new Earnings Center »

Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs