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Frontier Communications (FTR) Stock Drops as Q1 Loss Widens

NEW YORK (TheStreet) -- Frontier Communications (FTR - Get Report) stock is retreating 4.32% to $5.21 in afternoon trading on Tuesday after the Norwalk, CT-based company reported a larger loss for the 2016 first quarter than the loss during the same quarter last year.

Before today's opening bell, the communications service provider reported a loss of 21 cents per share for the quarter ended March 31, compared with a loss of 5 cents per share for the same period last year.

Frontier did report earnings, adjusted for acquisition costs and dividends, of 1 cent per share, beating estimates that called for a loss of 10 cents per...