Exhibit 11
to
Form 10-Q for the Quarterly
Period Ended June 30, 1995
CINCINNATI BELL INC.
COMPUTATION OF EARNINGS PER COMMON SHARE
In thousands, except per share amounts
(Unaudited)
For the Three Months For the Six Months
Ended June 30, Ended June 30,
------------------------- -------------------------
1995 1994 1995 1994
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Income (loss) before cumulative effect of
accounting change . . . . . . . . . . . . . . . . . $27,014 $18,720 ($32,581) $34,366
Cumulative effect of accounting change . . . . . . . . - - - (2,925)
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Net income (loss). . . . . . . . . . . . . . . . . . . $27,014 $18,720 ($32,581) $31,441
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Weighted average number of common shares
outstanding . . . . . . . . . . . . . . . . . . . . 66,216 65,311 66,131 65,197
Common share conversions applicable to
common share options. . . . . . . . . . . . . . . . 445 8 445 8
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Total number of shares for computing primary
and fully diluted earnings per common share*. . . . 66,661 65,319 66,576 65,205
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EARNINGS PER COMMON SHARE
As reported
Income (loss) before accounting change. . . . . . . $ .41 $ .28 $ (.49) $ .52
Cumulative effect of accounting change. . . . . . . - - - (.04)
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Net income (loss) . . . . . . . . . . . . . . . . . $ .41 $ .28 $ (.49) $ .48
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Primary
Income (loss) before accounting change. . . . . . . $ .41 $ .28 $ (.49) $ .52
Cumulative effect of accounting change. . . . . . . - - - (.04)
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Net income (loss) . . . . . . . . . . . . . . . . . $ .41 $ .28 $ (.49) $ .48
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Fully Diluted
Income (loss) before accounting change. . . . . . . $ .41 $ .28 $ (.49) $ .52
Cumulative effect of accounting change. . . . . . . - - - (.04)
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Net income (loss) . . . . . . . . . . . . . . . . . $ .41 $ .28 $ (.49) $ .48
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Earnings (loss) per common share for the three and six months ended June 30,
1995 and 1994 as reported in the Consolidated Statements of Income were based on
the weighted average number of common shares outstanding for the respective
periods. Primary and fully diluted earnings (loss) per common share were not
shown in the Consolidated Statements of Income as they differ from the reported
earnings (loss) per common share by less than three percent or are anti-
dilutive.
<FN>
* For the six-month period ended June 30, 1995, common share conversions
applicable to common share options are anti-dilutive for the primary
loss per common share calculation and therefore are not included in
the calculation.