CenturyLink Spikes Following Q2 Earnings

After the close Wednesday, CenturyLink 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.