Why CenturyLink (CTL) Is Up Today

NEW YORK (TheStreet) -- CenturyLink  (CTL) was rising 1.67% to $30.69 on Thursday after the communications company forecast guidance for the fiscal year 2014 that edged past analysts' expectations.

The company announced in its fourth-quarter earnings report that it expects adjusted earnings per share of $2.40 to $2.60 for the full year on operating revenue of $17.9 billion to $18.1 billion. Analysts polled by Thomson Reuters expected EPS of $2.66 on revenue of $17.92 billion.

For the first quarter, CenturyLink expects adjusted profit for 58 cents to 63 cents per share on operating revenue of $4.46 billion to $4.51 billion. Analysts expected 68 cents a share on $4.46 billion in revenue.

CenturyLink reported a profit of $239 million, or 41 cents a share, in the fourth quarter, up from $233 million, or 37 cents a share, in the same period one year earlier. Adjusted profit, excluding items, ticked upward year over year to 68 cents a share from 67 cents a share. Operating revenue fell 0.9% to $.54 billion. In November, the company projected adjusted profit for the fourth quarter of 55 to 60 cents on revenue of $4.5 billion to $4.55 billion.

TheStreet Ratings team rates CENTURYLINK INC as a "hold" with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate CENTURYLINK INC (CTL) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity."

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