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Cincinnati Bell Inc. (CBB) is a publicly traded telecommunications company based in Cincinnati, Ohio. The company provides a wide range of communications services, including voice, data, and entertainment solutions to business and residential customers in the United States.
As of February 2023, CBB's reported revenue for the last twelve months was approximately $1.2 billion, representing a decrease of around 4% compared to the same period in the previous year. However, it is important to note that the company has been undergoing a strategic transformation, which has included divesting certain non-core assets and focusing on its fiber-optic business.
In terms of earnings, CBB reported net income of $35.5 million for the full year 2021, up from a net loss of $21.0 million in 2020. As of the latest quarterly report (Q3 2022), the company's net income for the first nine months of the year was $21.2 million, compared to a net loss of $1.5 million in the same period of the previous year.
CBB's earnings per share (EPS) have also been improving. For the full year 2021, the company reported EPS of $1.41, up from $0.76 in 2020. For the first nine months of 2022, the company's EPS was $1.05, compared to $0.17 in the same period of the previous year.
In terms of growth, CBB has been focusing on its fiber-optic business, which it sees as a key area for growth in the coming years. The company has been investing in building out its fiber network and expanding its services offerings in this area. Additionally, CBB has been looking to expand its enterprise solutions business, particularly through the acquisition of IT services companies.
It is worth noting that, as with any investment, there are risks associated with investing in CBB or any other stock. Investors should carefully consider their own investment objectives, as well as the risks associated with any investment, before making any investment decisions. It is always a good idea to consult with a registered investment advisor or other qualified financial professional before making any investment decisions.