— CenturyLink Inc. (NYSE: CTL) reported its third-quarter 2019 adjusted earnings of $0.31 per share versus $0.33 per share expected.
— Operating revenue declined by 4% to $5.61 billion versus $5.54 billion expected.
— Revenue from International and Global Accounts rose by 1% while that from Small and Medium Business declined by 6%. Enterprise revenue increased by 3% year-over-year.
— Revenue from Wholesale dropped by 7% and that from Consumer fell by 9%.
— Looking ahead into the full year 2019, the company expects adjusted EBITDA in the range of $9 billion to $9.2 billion and free cash flow in the range of $3.1 billion to $3.4 billion.
— Capital expenditures are anticipated to be in the range of $3.5 billion to $3.8 billion for the full year.
Shares of Lyft Inc. (NASDAQ: LYFT) were up 8% in afternoon hours on Wednesday. The stock has gained 53% over the past 12 months and 25% since the beginning of
Department store chain Target Corp. (NYSE: TGT), which has been thriving on the pandemic-driven shopping boom since early last year, maintained its strong performance during the holiday season and entered
Dollar Tree (NYSE: DLTR) reported fourth-quarter financial results before the opening bell on Wednesday. The discount store reported a 7% increase in Q4 net sales to $6.7 billion. The company