NEW YORK (TheStreet) -- Shares of Windstream Holdings  (WIN) were slumping, down 5.09% to $9.33 in afternoon trading Friday after the broadband and communications company posted mixed first-quarter earnings results on Thursday.

For the first quarter, the company earned 5 cents per share, compared to the loss of 6 cents analysts polled by Thomson Reuters were expecting.

Revenue came in below estimates at $1.4 billion for the period, falling short of the $1.43 billion analysts had forecast.

In the same quarter of last year, Windstream earned 24 cents per share on $1.46 billion in revenue.

President and CEO Tony Thomas said, "2015 has already seen significant progress, highlighted by the successful completion of the spinoff of Communications, Sales and Leasing on April 24."

"This transaction has made Windstream a stronger company with less debt and increased capacity to invest in our network and create value for our shareholders," he added.

Windstream is a provider of advanced network communications, including cloud computing and managed services, to businesses.

The company also offers broadband, phone and digital TV services to consumers primarily in rural areas. It is based in Little Rock, Ark.

Separately, TheStreet Ratings team rates WINDSTREAM HOLDINGS INC as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:

"We rate WINDSTREAM HOLDINGS INC (WIN) a SELL. This is driven by some concerns, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself."

You can view the full analysis from the report here: WIN Ratings Report

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