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Article: Cincinnati Bell reports strong fourth-quarter and 1994 results; expects first-quarter charge.
- Article from:
- Business Wire
- Article date:
- January 25, 1995
CopyrightCOPYRIGHT 1995 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CINCINNATI--(BUSINESS WIRE)--Jan. 25, 1995--Cincinnati Bell Inc. (NYSE: CSN) said today that strong performances by all of its businesses led to a sharp increase in revenues and net income for the fourth quarter and for 1994, compared with the prior year.
The improved results helped Cincinnati Bell reduce its debt and strengthen its balance sheet during the year.
Net income for the fourth quarter ended December 31 was $21.1 million, or 32 cents per share. For 1994, net income was $72.6 million, or $1.11 per share. Fourth-quarter revenues were $323.4 million, an increase of 13 percent from $287.2 million a year ago. Revenues for 1994 were $1.23 billion, ...