Frontier Communications Q2 Profit Matches Estimates - Quick Facts

(RTTNews) - Frontier Communications Corporation (FTR) reported second-quarter net income to shareholders of $37.7 million, or $0.04 per basic share, compared to a loss of $38.46 million, or $0.04 per basic share, prior year. Non-GAAP adjusted net income attributable to shareholders, was $53.7 million, or $0.05 per share, for the second quarter of 2014 .

On average, 11 analysts polled by Thomson Reuters expected the company to report profit per share of $0.05 for the quarter. Analysts' estimates typically exclude special items.

Revenue was $1.15 billion compared to $1.19 billion, a year ago. Analysts expected revenue of $1.15 billion for the quarter.

For the full year of 2014, the company's expectations for capital expenditures and free cash flow for Frontier business operations remain unchanged and are within a range of $575 million to $625 million and $725 million to $775 million, respectively.