CenturyLink (CTL) Tops Q1 EPS by 7c

CenturyLink (NYSE: CTL) reported Q1 EPS of $0.34, $0.07 better than the analyst estimate of $0.27. Revenue for the quarter came in at $5.65 billion versus the consensus estimate of $5.71 billion.

"Our focus on profitable revenue continues to drive our growth in Adjusted EBITDA and expanding our Adjusted EBITDA margin," said Jeff Storey, president and CEO of CenturyLink. "We made solid progress this quarter with our transformation initiatives, which has the primary benefit of improving experience for our customers and employees, along with reducing costs in the business."

GUIDANCE:

"Looking back at the first quarter 2019, we are off to a good start in capturing synergy and cost transformation savings," said Neel Dev, CenturyLink's executive vice president and chief financial officer. "We are reiterating all of our full year outlook measures and continue to expect Adjusted EBITDA of $9.0 to $9.2 billion and Free Cash Flow of $3.1 to $3.4 billion for the full year 2019."

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

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