Qwest Rises on Guidance - TheStreet

Qwest Communications (Q) was up 6% in preopen Instinet trading after the company said it expects to meet its revenue and earnings estimates for 2001.

The phone and data services company said demand remains strong and continues to gain market share in key segments. Qwest said it sees second-quarter revenue rising 12% to 13% vs. a year earlier and it expects full-year revenue of $8.5 billion to $8.7 billion.