Frontier Communications (FTR) announced third quarter results with adjusted (excluding acquisition and integration costs) earnings per share of 18 cents, exceeding the Zacks Consensus Estimate of 16 cents. Net income increased 11% year over year to $52.2 million, primarily due to gain on debt repurchases and higher operating income that increased 5% year over year to $172.5 million.   Revenues Remains under Pressure    The company reported revenues of $526.8 million, reflecting a 6% decrease over the year-ago quarter. The year-over-year decline is attributable to lower local, long-distance and switched access revenues coupled with decline in basic access lines. However, this was partially offset by increases in data and Internet service revenues.   Revenues for local services declined 8% year over year to $193.6 million while data and Internet services revenue increased 4% to $160 million. Switched access service revenues declined 8% year over year to $91.2 million

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Frontier Communications Corp. (FTR) announced results for the second quarter of 2009 today with earnings per share of $0.09, below the Zacks Consensus Estimate of $0.13. Quarterly revenue of $532.1 million also fell short of the Zacks Consensus Estimate, reflecting a 5% decrease over the prior-year quarter.

The year-over-year decline in revenue is attributable to lower local service, subsidy and switched access revenue coupled with decline in basic access lines, partially offset by increases in data and Internet service revenues.

Quarterly net income was $27.9 million, down 50% from the year-ago quarter, primarily due to acquisition-related expenses of $10.8 million, higher interest expenses and lower operating income which fell 16% year over year to $136.6 million.

Revenue for local services declined 8% year over year to $198.3 million while data and Internet services revenue increased 6% to $160.6 million in the same period. Switched access service revenue declined

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