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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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  1. CenturyLink's 4Q Profit Falls 52% On Write-Downs

    DOW JONES NEWSWIRESCenturyLink Inc.'s (CTL) fourth-quarter earnings fell 52% on acquisition-related write-downs and as the telecom company's posted a modest revenue ...

  2. Work-Release Would Free Caged Executive Talent

    He's 64 years old. He's a convicted felon with a shaved head. He's locked up in prison. And even with the nation's unemployment rate at 9.1%, he can still find a job...

  3. Factbox: The worth of a white-collar felon

    NEW YORK (Reuters) - When Raj Rajaratnam is sentenced on July 29, he could join a small club of fallen financiers and executives who've spent years behind bars.The n...

  4. Qwest Wires The DNC

    Thomas Richards, Qwest Communications COO, discusses the logistics involved in setting up the communications network for the Democratic National Convention.

  5. Qwest revenue falls, CenturyLink helped by Embarq

    NEW YORK (Reuters) - U.S. phone carrier Qwest Communications reported lower quarterly revenue Wednesday as a tough economy prompted more customers to disconnect thei...

  6. Qwest revenue falls as more customers disconnect

    NEW YORK (Reuters) - Qwest Communications reported lower quarterly revenue on Wednesday as a tough economy prompted more customers to disconnect their landlines.Whil...

  7. Philip Morris 1Q Earnings

    Philip Morris 1Q EPS 0.90 Misses Estimates PepsiCo 1Q EPS Beats Estimate by 0.14 Qwest , CenturyTel Announce Merger

  8. President Obama coming to Wall Street

    Pres. Obama coming to Wall Street. Qwest and Centurytel Merging. Target to sell Amazons Kindle.

  9. Centurytel and Qwest Agree to Merge

    Centurytel and Qwest agree to $10.6 billion stock swap.

  10. Qwest Wires The DNC

    Qwest sets up the communications for the DNC

  1. CenturyLink's Savvis CEO to Retire

    CenturyLink Inc. (CTL) said the chief executive of Savvis, one of the telecommunications company's units, will retire effective April 1.Jim Ousley heads Savvis, a da...

  2. CenturyLink 3rd-Quarter Net Up 96% on Lower Operating Costs

    CenturyLink Inc.'s (CTL) third-quarter income jumped 96% as the telecommunications company posted fewer integration and severance expenses.For the year, the company ...

  3. CenturyLink Unveils Debt Offer and Note Buyback

    Telecom company CenturyLink Inc. (CTL) has unveiled a debt tender offer and an offering of senior debt securities as the company looks to extend the life and reduce ...

  4. Full Interview: President Otto Perez Molina on Legalizing Drugs, Grades US Effort, & More

    The newly elected President of Guatemala Otto Perez Molina, defends the legalization of drugs as part of his new "iron fist" approach toward fighting drug violence, grades the US drug war effort, and denies accusations of human rights violations against him.

  5. CenturyLink 2nd-Quarter Profit Fell 36% Amid Charges, Weaker Margins

    CenturyLink Inc.'s (CTL) second-quarter earnings fell 36% amid early-debt extinguishment and weaker margins, though the telecom company's revenue was boosted by an a...

  6. CenturyLink 1Q Net Slips 5.2%; Lifts Full-Year Profit View

    CenturyLink Inc.'s (CTL) first-quarter earnings fell 5.2% as higher operating expenses masked the telecom company's revenue growth.The company raised its full-year e...

  7. DOJ: $44 Million Returned To Victims Of Qwest Stock Fraud

    The Justice Department said it returned about $44 million to shareholders who lost money during former Qwest Communications International Inc. Chief Executive Joseph...

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