Categories Earnings

CenturyLink (NYSE: CTL): Q3 2019 Earnings Snapshot

— 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.

CenturyLink (CTL) Q3 2019 Earnings Snapshot

— 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.

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