Windstream Reports Quarterly Loss Amid Chapter 11 Bankruptcy
Windstream filed for chapter 11 bankruptcy protection last month.
Windstream filed for chapter 11 bankruptcy protection last month.
The lawsuit was filed on behalf of everyone who purchased Symantec shares between May 11, 2017, and Aug. 2 of this year.
For the third quarter, the carrier’s wireless revenue was $18 billion, up 3.3 percent year over year.
Verizon’s third-quarter profit was $5 billion, up from $3.7 billion a year ago.
CenturyLink’s earnings beat analysts’ estimates.
Symantec’s job cuts will begin in fiscal 2019.
Second-quarter revenue from business customers was $9.1 billion, down 6.2 percent due to declines in legacy wireline services,
Total operating revenue in the second quarter was $32.2 billion, up from $30.5 billion for the year-ago quarter.
CenturyLink’s enterprise unit revenue was $1.3 billion, up 2 percent.
Windstream’s partners helped the company increase revenue in the first quarter of this year.
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