Market Overview

CenturyLink Spikes Following Q2 Earnings

Related CTL
Level 3 Communications (LVLT) Shares Touch a 52-Week High
Service Providers Celebrate As Courts Strike Cost Cap For Prison Calls
CTL Investor Alert: Â Hagens Berman Alerts Investors in CenturyLink, Inc. ... (GuruFocus)

After the close Wednesday, CenturyLink (NYSE: CTL) announced its second quarter 2014 earnings results.

Shares traded recently at $39.29, up 1.34 percent.

For the quarter, CenturyLink posted revenue and EPS of $4.54 billion and $0.72, respectively, beating the consensus estimates of $4.50 billion and $0.64.

“CenturyLink second quarter results reflect strong demand for our high-bandwidth data services and cloud and hosting solutions, solid consumer demand for Prism TV service and our continued mitigation of legacy revenue declines,” said Glen F. Post III, president and chief executive officer.

Post III added, "Overall, we are pleased with our second quarter results, which reflect our continued progress toward revenue stability. We had a strong funnel of sales opportunities entering the third quarter and we are looking forward to continuing to execute on our strategic priorities to create value for shareholders."

Looking forward, the company guided operating revenue in the range of $4.47 to $4.52 billion, operating cash flow of $1.72 to $1.77 billion and an adjusted diluted EPS of $0.58 to $0.63.

Posted-In: Earnings News Guidance


Related Articles (CTL)

View Comments and Join the Discussion!