=Frontier Communications (FTR) reported earnings on Tue 23 Feb 2016 (before open)

Frontier Communications beats by $0.07, reports revs in-line; Verizon transaction on track, increases synergy estimate  :

• Reports Q4 (Dec) earnings of $0.05 per share, excluding non-recurring items, $0.07 better than the Capital IQ Consensus of ($0.02); revenues rose 6.2% year/year to $1.41 bln vs the $1.42 bln Capital IQ Consensus. 
• Twelfth consecutive quarter of strong broadband momentum with 28,500 net broadband additions; 102,000 total 2015 net broadband additions
• Maintained an attractive, sustainable full year dividend payout ratio of 49%
• On schedule for closing and integrating the Verizon (VZ) transaction
• Increasing Day One synergy estimate to be in excess of $600 million