Windstream Earnings: Here’s Why the Stock is Down Now
Windstream Corporation (NASDAQ:WIN) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 3.76%.
Windstream Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 23.08% to $0.1 in the quarter versus EPS of $0.13 in the year-earlier quarter.
Revenue: Decreased 2.9% to $1.5 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Windstream Corporation reported adjusted EPS income of $0.1 per share. By that measure, the company missed the mean analyst estimate of $0.11. It missed the average revenue estimate of $1.53 billion.
Quoting Management: “Our vision at Windstream is to be the premier enterprise communications and service provider while maintaining our stable consumer business, which will result in substantial cash flows and long-term support of our current dividend,” said Jeff Gardner, president and CEO. “We are successfully repositioning the company. Over the long term, we believe our strategy and investments will allow us to grow and increase shareholder value.”
Key Stats (on next page)…