AP NEWS

CenturyLink: 3Q Earnings Snapshot

November 8, 2018

MONROE, La. (AP) _ CenturyLink Inc. (CTL) on Thursday reported third-quarter earnings of $272 million.

On a per-share basis, the Monroe, Louisiana-based company said it had net income of 25 cents. Earnings, adjusted for non-recurring costs, were 30 cents per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 27 cents per share.

The communications company posted revenue of $5.82 billion in the period, which did not meet Street forecasts. Five analysts surveyed by Zacks expected $5.89 billion.

CenturyLink shares have climbed 26 percent since the beginning of the year, while the Standard & Poor’s 500 index has climbed 5 percent. In the final minutes of trading on Thursday, shares hit $21.08, a rise of 30 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CTL at https://www.zacks.com/ap/CTL

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