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CenturyLink, Inc. (CTL) Tops Q1 EPS by 6c; Guides FY11 EPS, Revs; Adds 46K Net Internet Subs

May 5, 2011 8:43 AM EDT
CenturyLink, Inc. (NYSE: CTL) reported Q1 EPS of $0.76, $0.06 better than the analyst estimate of $0.70. Revenue for the quarter came in at $1.7 billion versus the consensus estimate of $1.7 billion.

Sees FY2011 EPS of $2.55 - $2.65, versus the consensus of $2.94. Also sees pro forma FY2011 revenue of $17.6 - $17.8 billion, versus the consensus of $15.05 billion.

Qwest added approximately 46,000 high-speed Internet subscribers during first quarter 2011 and served approximately 3.0 million high-speed Internet subscribers as of March 31, 2011. Qwest ended the quarter with approximately 8.6 million access lines in service, experiencing access line losses of 223,000 lines during the first quarter, representing a 2.5% sequential decline and a year-over-year access line decline of 10.7%.


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