Qwest: 1Q Sales Will Be Lower Than Expected

Shares of Qwest Communications International Inc. (Q) had fallen more than 1.5 percent by noon on Tuesday when the provider said its first-quarter sales numbers will come in under analyst estimates.

Qwest stock was going for $3.89, down 6 cents, at 12:18 Eastern time. That’s because the Denver-based carrier had just announced its April 29 earnings report will not be cheery. It didn’t give specific numbers.

MarketWatch reported that FactSet Research recently polled analysts for their expectations on Qwest’s numbers – they project first-quarter EBITDA of $1.08 billion on sales of $3.24 billion.

Additionally, Qwest said it will offer $300 million in debt securities so it can fund generate corporate needs, including debt repayment, and pay for and refinance telecom assets.


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