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What: Shares of Frontier Communications (NASDAQ:FTR) have gotten crushed today by as much as 11% after reporting earnings.
So what: Revenue in the quarter was $1.3 billion, which resulted in net income of $67 million, or $0.07 per share. Those results were right on target with what the market was expecting. Free cash flow in the third quarter was $215.3 million.
Now what: Frontier narrowed its customer losses, losing just under 52,000 customers during the quarter. That's less than each of the past two quarters. Full-year guidance calls for free cash flow in the range of $900 million to $1 billion. Frontier is a popular dividend play, so don't miss fellow Fool Eric Bleeker's breakdown of the results by clicking here.
Fool contributor Evan Niu, CFA, has no positions in the stocks mentioned above. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.