CenturyLink (NYSE:CTL) is 6.5% lower in steady volume after hours following its Q3 earnings report, where revenues saw companywide declines and fell just short of expectations, and cash flow disappointed.
Revenues fell 3.5%, but EPS rose to $0.25 from $0.18 (including $55M in after-tax integration expenses and special items).
Revenue breakout: Medium & Small Business, $860M (down 4%); Enterprise, $1.28B (down 2.5%); International & Global Accounts, $892M (down 2.8%); Wholesale & Indirect, $1.255B (down 3.6%); Consumer, $1.355B (down 4.6%); Regulatory, $178M (down 4.3%).
The company reiterated full-year guidance for EBITDA of $9B-$9.15B and for dividends of $2.3B; it's raised outlook for full-year free cash flow to $4B-$4.2B, from a previous $3.6B-$3.8B.
Press release