Cincinnati Bell (CBB) announced third quarter results with adjusted earnings per share of 11 cents, falling short of the Zacks Consensus Estimate by a penny. However, this was above the year-ago EPS of 10 cents.   Adjusted EPS excludes special items such as restructuring charges, loss on disposal of assets and gain on extinguishment of debt. Net income increased 4% year over year to $28 million while revenue fell 3% from the prior-year quarter to $338 million as a result of the declines across wireline and wireless segments.   Wireline Segment   The company reported wireline revenues of $191 million down 5% from the year-ago quarter. Lower voice revenues (down 14% year over year to $83 million) and long-distance revenues (down 3% to $24 million) were partially offset by an increase in revenues from data services (up 2% to $70 million).   At the end of the quarter, ...

Anadigics Inc.: Lower Guidance Hurts SharesShares of Anadigics Inc. (ANAD, Hold) are off nearly 8% in early trading today following the company's better-than-expected Q1 results released yesterday. Apparently, the stock is discounting ANAD's forward guidance, which is lower than our and consensus expectations.The company saw continued weakness in the Broadband area as directly related to the current economic downturn, impacting its wireless and cable segments. ANAD sees this weakness well into Q2 and clearly does not expect an upturn until Q3.ANAD's Q1 revenue of $30.5 million were ahead of our $29.4 million expectation, but down 33% sequentially and 59% y/y. Non-GAAP net loss of $(0.21) also was better than the guidance of $(0.28) and our estimate of $0(0.27).The revenue upside apparently came from the company's wireless 3G product line. However, current bookings are at the low end of revenue guidance, ...