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Actionable news in FTR: Frontier Communications Corporation,

Frontier Communications (FTR) Stock Falls Despite Earnings Beat

NEW YORK (TheStreet) -- Shares of Frontier Communications (FTR - Get Report) were falling 4.7% to $4.92 on Tuesday, despite the telecommunications company's positive third quarter earnings report.

Frontier reported earnings of 3 cents a share for the third quarter, beating analysts' estimates of a loss of 1 cent a share. Revenue grew 24.6% year over year to $1.42 billion in the quarter, in line with analysts' estimates.

Customer revenue fell 1.1% to $1.223 billion in the third quarter from $1.236 billion in the year-ago quarter. Residential revenue fell to $606 million from $615 million, and business revenue fell to $617 million from $621 million.

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