Windstream Holdings beats 1Q profit expectations, misses revenue forecasts

MarketsAssociated Press

Windstream Holdings Inc. (WIN) on Thursday reported first-quarter profit of $5.3 million.

On a per-share basis, the Little Rock, Arkansas-based company said it had profit of 5 cents.

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The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.

The broadband and communications company posted revenue of $1.42 billion in the period, falling short of Street forecasts. Six analysts surveyed by Zacks expected $1.43 billion.

Windstream shares have decreased 20 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 1 percent. The stock has declined 27 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WIN at http://www.zacks.com/ap/WIN

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Keywords: Windstream Holdings, Earnings Report