CenturyLink Earnings: Here’s Why Investors are Excited Now
CenturyLink, Inc. (NYSE:CTL) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.91%.
CenturyLink, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 11.76% to $0.76 in the quarter versus EPS of $0.68 in the year-earlier quarter.
Revenue: Decreased 2.1% to $4.51 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: CenturyLink, Inc. reported adjusted EPS income of $0.76 per share. By that measure, the company beat the mean analyst estimate of $0.69. It beat the average revenue estimate of $4.51 billion.
Quoting Management: “CenturyLink reported strong financial results and achieved solid broadband and PrismTM TV customer growth in the first quarter, while continuing to see good demand from businesses for high-bandwidth network and data hosting services. Through the ongoing investment in our key strategic initiatives, we are creating and capitalizing on organic growth opportunities across each of our business segments. Our solid sales momentum over the past several quarters continues to contribute toward our goal of top-line revenue stabilization in 2014,” said Glen F. Post III, chief executive officer and president.
Key Stats (on next page)…