CenturyLink (CTL) Reports In-Line Q3 EPS

CenturyLink (NYSE: CTL) reported Q3 EPS of $0.30, in-line with the analyst estimate of $0.30. Revenue for the quarter came in at $5.82 billion versus the consensus estimate of $5.88 billion.

"A year into the close of the Level 3 acquisition, we are pleased with our integration accomplishments to date, highlighted by significant synergy achievement and Adjusted EBITDA margin expansion," said Jeff Storey, president and CEO of CenturyLink. "We are now transitioning our focus to transforming the business, through product evolution, digitalizing interactions with our customers and a simplified environment for our employees, all of which are intended to drive profitable revenuegrowth."

GUIDANCE:

"We are pleased with our performance and are reiterating our full year outlook for Adjusted EBITDA of $9.00 to $9.15 billion," said Neel Dev, CenturyLink\'s executive vice president and chief financial officer. "Based on lower year to date spending, we are updating our outlook for full year 2018 Capital Expenditures to $3.15 to $3.25 billion. Additionally, driven by our lower capital spending, we are updating our full year 2018 outlook for Free Cash Flow to $4.00 to $4.20 billion from $3.60 to $3.80 billion."

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

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