Drexel Hamilton Upgrades FairPoint Communications (FRP) to Buy

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Go back to Drexel Hamilton Upgrades FairPoint Communications (FRP) to Buy

FairPoint Communications Reports 2016 First Quarter Results

May 4, 2016 6:01 AM EDT

Unlevered Free Cash Flow1 of $34.7 million for the quarterImproving subscriber trends supported revenue of $206.8 million for the quarterAdjusted EBITDA1 of $62.0 million for the quarterCapital expenditures of $25.9 million for the quarterNet income of $18.6 million for the quarter

CHARLOTTE, N.C., May 04, 2016 (GLOBE NEWSWIRE) -- FairPoint Communications, Inc. (Nasdaq: FRP) (FairPoint or the Company), a leading communications provider, today announced its financial results for the first quarter ended March 31, 2016.  As previously announced, the Company will hold a conference call and simultaneous webcast to discuss its results... More