CenturyTel Beats EPS Estimates by $0.09 as Embarq Acquisition Pushes Revenue 188% Higher (CTL)
Thu. November 05, 2009; Posted: 10:29 AM
Nov 05, 2009 (SmarTrend(R) News Watch via COMTEX) --
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PowerRating -- 11/5/2009 - CenturyTel (NYSE:CTL) reported Q3 EPS of $0.90, ex-items, beating consensus analyst estimates of $0.81. Revenue for the quarter rose 188% year-over-year to $1.87 billion, falling just shy of consensus analyst estimates of $1.88 billion. President and CEO Glen Post III said, "CenturyLink achieved solid results in the third quarter reflecting the contribution of the Embarq acquisition to our operations . . . We completed the financial and human resource systems conversions, launched our new CenturyLink brand across all our markets in 33 states and completed our initial billing conversion in October." The company increased and narrowed its guidance range, now expecting full year 2009 EPS between $3.45 and $3.50, compared to consensus estimates of $3.27.
Write to Chip Brian at cbrian@tradethetrend.com
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