Windstream (WIN) Posts Smaller-than-Expected Q3 Loss

Windstream (NASDAQ: WIN) reported Q3 EPS of ($0.08), which may not compare with the analyst estimate of ($0.54). Revenue for the quarter came in at $1.5 billion versus the consensus estimate of $1.43 billion.

"The Windstream team is executing on all facets of our strategy and driving progress," said Tony Thomas, Windstream president and chief executive officer. "Total revenue grew sequentially, excluding the incremental CAF-2 revenues received. We continue to see steady results in our Consumer and ILEC SMB units, and Enterprise revenue growth accelerated."

Windstream announced on October 19, 2015 the sale of its data center business for $575 million. The net proceeds from this transaction will enable debt reduction of approximately $300 million and fund "Project Excel". Project Excel is a $250 million program that accelerates Windstream's plans to upgrade and modernize the company's broadband capabilities by year-end 2016, or two years ahead of the previous timeline.

For earnings history and earnings-related data on Windstream (WIN) click here.

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