CenturyLink (CTL) Tops Q2 EPS by 10c

CenturyLink (NYSE: CTL) reported Q2 EPS of $0.42, $0.10 better than the analyst estimate of $0.32. Revenue for the quarter came in at $5.19 billion versus the consensus estimate of $5.14 billion.

2020 Business Outlook

"We are lowering our interest expense outlook for the year by about $100 million, driven by progress on our deleveraging and refinancing initiatives along with a low interest rate environment," said Neel Dev, CenturyLink's executive vice president and chief financial officer. "For the full year 2020, we now expect GAAP Interest Expense of $1.7 billion, down from our previous outlook of $1.8 billion, and Cash Interest Expense of $1.65 to $1.7 billion, down from our previous range of $1.75 to $1.8 billion."

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

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