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Windstream 1Q Earnings, Revenue Fall

Stock quotes in this article: WIN  

LITTLE ROCK, Ark. (AP) — Windstream Corp., a telephone and broadband service provider, said Friday its first-quarter profit dropped 29 percent on falling revenue and extra costs for pensions and other one-time items.

The company earned $88.2 million, or 20 cents per share, in the three months ended March 31 compared with $123.7 million, or 27 cents per share, a year earlier.

Windstream said nonrecurring expenses, including damage from an ice storm, reduced earnings by 4 cents a share, bringing adjusted profit to 24 cents per share. ...

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