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CenturyLink (CTL) Tops Q2 EPS by 8c; Guides Q3 In-Line

August 6, 2014 4:49 PM EDT
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Income tax expense: 97M

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SHIM, KOD, HEWA, More
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CenturyLink (NYSE: CTL) reported Q2 EPS of $0.72, $0.08 better than the analyst estimate of $0.64. Revenue for the quarter came in at $4.54 billion versus the consensus estimate of $4.5 billion.

CenturyLink sees Q3 2014 EPS of $0.58-$0.63, versus the consensus of $0.62. CenturyLink sees Q3 2014 revenue of $4.47-4.52 billion, versus the consensus of $4.5 billion.

"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, chief executive officer and president. "Total operating revenues increased slightly year-over-year and exceeded our revenue guidance for the quarter. Cash flows for the quarter were also strong, primarily due to solid revenue performance and continued focus by our employees on containing costs.

"Our reliable, secure solutions that meet both network and hosting needs remain a strong driver of increasing demand from business customers. We continue to experience success with our managed service solutions, as well as multi-site MPLS[3] sales. Our development of advanced cloud infrastructure technology significantly strengthens our capabilities to meet the growing demand for highly automated cloud and managed services, and we have further expanded our hosting footprint with the opening of the new Minneapolis – St Paul data center. Additionally, the expansion of symmetrical 1 gigabit service to 16 cities, announced yesterday, will enhance our capability to provide higher broadband speeds and an enhanced service experience to both residential and business customers.

"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," Post concluded.

For earnings history and earnings-related data on CenturyLink (CTL) click here.



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