This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

CenturyLink's 4Q Profit And Revenue Fall

Stocks in this article: CTL Q

MONROE, La. (AP) â¿¿ Telephone, cable and Internet service provider CenturyLink Inc. on Tuesday reported a drop in fourth-quarter net income and revenue as more customers opted to disconnect traditional phone service and use cell phones and issued a weak forecast for the first quarter.

President and CEO Glen F. Post III also said that the company's pending purchase of fellow phone and Internet service provider Qwest Communications International Inc. made cost cutting a challenge during the quarter. The company also issued a weak

The Monroe, La.-based company earned $225.2 million, or 74 cents per share, in the period ended Dec. 31. That was down 2 percent from a year-earlier profit of $230.2 million, or 77 cents per share.

Excluding one-time charges, the company said it earned 76 cents per share in the latest period, down from year-earlier adjusted earnings of 95 cents per share. That missed the 78 cents per share expected by analysts polled by FactSet.

Revenue fell 6 percent to $1.72 billion from $1.83 billion. Though the company earned more revenue from high-speed Internet customers, it lost revenue from telephone service, including long-distance calls, and network access. The results still were slightly better than the $1.71 billion forecast by analysts.

In particular, the company saw its landline phone business continue to decline, though it shrank at a rate of 12 percent, which marked a gentler slowdown than the 15.8 percent decline it saw in the year-ago period.

CenturyLink Inc. said last April that it intends to buy Qwest Communications for stock valued at roughly $10.6 billion at that time. The companies have so far won approval from 18 regulatory commissions, but still need approval from four more states, along with the Federal Communications Commission. The deal is expected to close in April, after which the combined company will serve nearly 16 million telephone customers and more than 5 million broadband customers.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs