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CenturyTel 1st-qtr Profit Falls

Stock quotes in this article: CTL  

MONROE, La. (AP) — CenturyTel Inc. said Thursday that its first-quarter profit fell 24 percent as it gained high-speed Internet customers but shed many more access line customers. The results did beat analysts' estimates, however.

For the quarter that ended March 31, the telecommunications company earned $67.2 million, or 67 cents per share. This compares with $88.8 million, or 82 cents per share, in the year-ago quarter.

When excluding certain items, the company earned 82 cents per share — 2 cents higher than analysts polled by Thomson Reuters had expected. Analysts typically exclude special items. ...

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