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Qwest Inches Up After Beating Estimate

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Qwest (Q) was up 2% in midmorning after it posted fourth-quarter earnings of 16 cents per share excluding items, beating the First Call/Thomson Financial 14-cent estimate and the year ago 11 cents. The telecommunications company cited growth in its Internet, data and phone businesses. Qwest said it is on track to meet 2001 earnings and revenue targets.

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