CenturyLink Profit Up, While Windstream Reports Loss
CenturyLink’s earnings beat analysts’ estimates.
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.
For 2017, Windstream reported a $2.1 billion loss and $5.85 billion in revenue.
For all of 2017, CenturyLink’s profit, including two months of Level 3, totaled $1.39 billion.
“These solutions, combined with a best-in-class customer experience, will accelerate our transformation from a telecom reseller to a cloud application and connectivity provider,” said the company’s CEO.
CenturyLink’s third-quarter profit was $92 million, compared to $152 million for the year-ago quarter.
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