New York (May 8th, 2013) - Frontier Communications Corporation (NASDAQ: FTR) reported first quarter 2013 revenue of $1,205.4 million, operating income of $250.8 million and net income attributable to common shareholders of Frontier of $48.1 million, or $0.05 per share.
“In the first quarter of 2013 Frontier achieved the strongest rate of broadband net additions since our acquisition of the Verizon properties in July, 2010,” said Maggie Wilderotter, Chairman and CEO of Frontier Communications. “We accelerated growth every month in the first quarter as we phased out the Apple Gift Card Promotion and replaced it with aggressive bundled price offers for packages and our standalone broadband offering, Simply Broadband. In addition, our customer retention and sales efforts substantially improved our residential net customer losses by 17,300 from Q4 2012, which improved our rate of loss from 1.5% in Q4 2012 to 1.0% in Q1 2013.”
Frontier Communications Corporation, a communications company, provides regulated and unregulated voice, data, and video services to business, residential, and wholesale customers in the United States.
Micron Technology Inc. (NASDAQ: MU) announced a new PCIe all-flash I/O accelerator to improve overall performance in enterprise servers, appliances and storage platforms. The new Micron P420m combines consistent performance with the inherent power efficiency of an all-flash system to deliver improved economics for enterprise data centers. The P420m accelerates performance of today's demanding data center applications, including online transaction processing (OLTP), data warehousing and virtualization.
Micron Technology, Inc. is one of the world's leading providers of advanced semiconductor solutions.
Find out what momentum could MU adopt after this announcement by getting the free and full trend analysis report here: http://stockreportdaily.com/market-scan/?symbol=MU
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