Windstream Down 11% on Q1 Earnings Miss

Windstream Corporation

is trading lower on the session following its Q1 earnings announcement. The company reported an EPS of $0.13 vs $0.14 estimates and revenues of $1.55 billion vs $1.56 billion estimates. Jeff Gardner, president and CEO of Windstream said: "Our business and consumer channels delivered a strong performance during the first quarter. The business channel has gained significant traction with the acquisition of PAETEC, and our combined team is having tremendous success driving new sales opportunities. Our consumer business also had a very solid quarter driven by growth in broadband service revenues and continued success with our bundling strategy." Windstream is currently trading at $10.06, a loss of $1.20 or 10.70%.