Cincinnati Bell Inc. CBB reported disappointing financial numbers in the fourth quarter of 2017 wherein both the top and bottom line missed the Zacks Consensus Estimate. On a GAAP basis, quarterly net loss came in at $18.8 million or a loss of 45 cents per share, wider than the net loss of $3.9 million or a loss of 9 cents per share in the year-ago quarter. Further, quarterly adjusted (excluding special items) loss per share was 18 cents, in contrast to the Zacks Consensus Estimate of earnings of 6 cents.Cincinnati Bell Inc Price, Consensus and EPS Surprise Cincinnati Bell Inc Price, Consensus and EPS Surprise | Cincinnati Bell Inc QuoteQuarterly total revenues of $427.1 million were up a whopping 50% year over year. However, the figure lagged the Zacks Consensus Estimate of $466.5 million.Operating income was $9.8 million compared with $10.5 million in the year-ago quarter. Adjusted EBITDA (earnings before interest, depreciation and amortization) increased 5.7% year over year to $78.4 million in the reported quarter. However, adjusted EBITDA margin was 18% compared with 26% in the year-ago quarter.Cash FlowIn fourth-quarter 2017, Cincinnati Bell generated $46.6 million of cash from operating activities compared with $27.4 million in the prior-year quarter. Quarterly free cash flow was a negative $15.7 million compared with a negative $70.2 million in the year-ago quarter.LiquidityCincinnati Bell ended 2017 with cash and cash equivalents of $396.5 million compared with $9.7 million at the end of 2016. Total debt at the end of 2017 was $1,747.7 million compared with $1,206.6 million at the end of 2016.Segmental ResultsEntertainment and Communications revenues increased 2% year over year to $197 million owing to a 22% rise in business voice and 17% rise in consumer data revenues. The increase was partially neutralized by a 12% decline in services & other Carrier revenues.IT Services and Hardware revenues increased a massive 144.3% year over year to $233.3 million. The upside can be attributed to a 98% rise in Professional Services revenues, 38% increase in Unified Communications revenues, partially offest by a 30% drop in Management and Monitoring revenues.Subscribers StatisticsAt the end of 2017, Cincinnati Bell had 0.1837 million residential voice lines, down 8.7% year over year and 0.3331 million business voice lines, up 3.3% year over year. Long distance lines were 0.2936 million, down 7.5%. DSL Internet subscribers were 0.0821 million, down 22.3%. Fioptics Internet customers were 0.2266 million, up 14.7%. Fioptics video subscribers were 0.1465 million, up 6.5% year over year.OutlookIn 2018, Cincinnati Bell expects revenues to be in the range of $1.200 - $1.275 million and adjusted EBITDA will be within the range of $320 - $330 million.Zacks RankCincinnati Bell is aregional telecom operator like Windstream Holdings Inc. WIN, Frontier Communications Corp. FTR and CenturyLink Inc. CTL. The company carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.The Hottest Tech Mega-Trend of AllLast year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.See Zacks' 3 Best Stocks to Play This Trend >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Cincinnati Bell Inc (CBB): Free Stock Analysis Report CenturyLink, Inc. (CTL): Free Stock Analysis Report Windstream Holdings, Inc. (WIN): Free Stock Analysis Report Frontier Communications Corporation (FTR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research