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CenturyLink 1st-Quarter Profit Up 49% Amid Lower Costs

CenturyLink Inc.'s (CTL) first-quarter earnings rose 49% amid lower costs as the telecommunications company reported that continued access-line losses offset growth at its broadband and Prism television businesses.Shares rose 1.9% to $38 in after-hours trading Wednesday as adjusted earnings beat expectations and the company raised its 2013 earnings outlook. Through the close, the stock was down 4.7% year to date.CenturyLink raised its 2013 per-share earnings estimate to $2.60 to $2.75, from its previous estimate for $2.50 to $2.70, and affirmed its revenue outlook.For the current quarter, the company forecast per-share earnings of 63 cents to 68 cents on revenue of $4.49 billion to $4.54 billion. Analysts polled by Thomson Reuters most recently expected 66 cents and $4.54 billion, respectively.The company has recorded increases in high-speed Internet subscriptions in recent quarters and has seen revenue helped by contributions from its 2011 acquisitions of Qwest Communications and Savv...

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