Windstream Corp. (WIN) Posts Q2 EPS of $0.02; Affirms Outlook
Get Alerts WIN Hot Sheet
Financial Fact:
Loss on early extinguishment of debt: -20.1M
Today's EPS Names:
SFST, VLTO, CLIR, More
Join SI Premium – FREE
Windstream Corp. (NASDAQ: WIN) reported Q2 EPS of $0.02, which may not compare to the analyst estimate of $0.08. Revenue for the quarter came in at $1.5 billion versus the consensus estimate of $1.48 billion.
Windstream also affirmed its previously provided financial guidance for 2014. Guidance includes total revenue for the year within a range of a 2.5 percent decline to a 1 percent increase as compared to 2013 revenue; adjusted capital expenditures ranging from $800 million to $850 million, and adjusted free cash flow of $775 million to $885 million, resulting in a dividend payout ratio ranging from 68 percent to 78 percent for the year.
"Total revenue was up slightly from the first quarter, reflecting better results in our consumer business and the diminishing impact from intercarrier compensation reform," said Jeff Gardner, president and CEO. "Enterprise and small-business revenues also slightly increased sequentially and year-over-year, and we continued to achieve solid enterprise sales.
"Overall results were solid and largely in-line with our expectations. Importantly, the progress made during the first half of 2014 has positioned us well to reach our goals for the year. In addition, our plans to spin off certain assets will allow Windstream to accelerate network investments, provide enhanced services to customers and maximize shareholder value," Gardner said.
For earnings history and earnings-related data on Windstream Corp. (WIN) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Lockheed Martin (LMT) Tops Q1 EPS by 53c, Beats on Revenue; Offers FY24 Guidance
- Philip Morris International (PM) Tops Q1 EPS by 9c; raises guidance
- Fisker (FSR) files form 10-K, sees more job cuts, reiterates going concern doubts
Create E-mail Alert Related Categories
Earnings, Guidance, Management CommentsRelated Entities
Dividend, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!