This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Qwest Reports Fourth Quarter And Full Year 2010 Results

Qwest Communications International Inc. (NYSE:Q):
Unaudited (in millions, except per share and margin amounts)      
    4Q 2010       4Q 2009       Change       FY 2010       FY 2009 Change
Operating Revenue $2,899 $2,994 (3.2 )% $11,730 $12,311 (4.7 )%
Operating Income 427 450 (5.1 )% 2,001 1,975 1.3 %
Income (Loss) before Income Taxes (81 ) 177 nm 450 903 (50.2 )%
Net (Loss) Income (161 ) 108 nm (55 ) 662 nm
Net (Loss) Income per Diluted Share $(0.09 ) $0.06 nm $(0.03 ) $0.38 nm
Adjusted EBITDA $1,099 $1,085 1.3 % $4,435 $4,415 0.5 %
Adjusted EBITDA Margin 37.9 % 36.2 % 170 bps 37.8 % 35.9 % 190 bps
Adjusted Free Cash Flow $426 $506 (15.8 )% $1,924 $1,930 (0.3 )%

(a) See Attachment E for Non GAAP Reconciliations

nm—not meaningful

Qwest Communications (NYSE: Q) today reported financial results for the fourth quarter and full year 2010. For the quarter, the company reported improved year-over-year revenue comparisons, expanded adjusted EBITDA margin and strong free cash flow. Qwest also continued to strengthen its balance sheet.

For the fourth quarter, the company reported a loss of 9 cents per share compared to positive earnings of 6 cents per share in the fourth quarter 2009. Special items reduced reported earnings per share by 21 cents in the fourth quarter 2010 and by 2 cents in the year-ago period. For the full year, the company reported a loss per share of 3 cents compared to positive earnings per share of 38 cents in 2009. Special items reduced reported earnings per share by 47 cents in 2010 and had no net impact in the prior year. Special items for the quarter are discussed in the Consolidated Financial Results section below.

1 of 8

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,813.39 +1.20 0.01%
S&P 500 2,088.87 -0.27 -0.01%
NASDAQ 5,116.1430 +13.3350 0.26%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs