Centurylink (NYSE: CTL) reported second-quarter financial results after the regular trading hours on Wednesday. Both revenue and EPS for the quarter came in better than the Wall Street projections.
CTL shares rose 4.6% immediately following the announcement. The stock has declined 31% so far this year.
CFO Neel Dev said, “We are lowering our interest expense outlook for the year by about $100 million, driven by progress on our deleveraging and refinancing initiatives along with a low-interest-rate environment.”
Prior performance
[irp posts=”68388″]
______
Most Popular
Salesforce Q3 2024 earnings increase on higher revenues, beat estimates
Customer relationship management platform Salesforce, Inc. (NYSE: CRM) reported higher earnings and revenues for the third quarter of 2024. Earnings also topped expectations. Third-quarter profit, excluding non-recurring items, increased to
AutoZone (AZO) to report Q1 2024 earnings next week. Here’s what to expect
Auto parts retailer AutoZone, Inc. (NYSE: AZO) is preparing to report first-quarter results next week, after delivering better-than-expected quarterly earnings consistently in recent years. Analysts forecast an increase in profit
Key takeaways from Hormel Foods’ (HRL) Q4 2023 earnings report
Shares of Hormel Foods Corporation (NYSE: HRL) were down over 4% on Wednesday after the company delivered fourth quarter 2023 earnings results that fell below expectations. The stock has dropped
