CenturyLink (CTL) Q4 Earnings Match Estimates, Revenues Beat
Zacks Investment Research | Feb 12, 2020 08:36PM ET
CenturyLink, Inc. (NYSE:CTL) reported decent fourth-quarter 2019 results wherein the top line surpassed the Zacks Consensus Estimate. The Monroe, LA-based communications company made notable progress in 2019 with its fiber-based investments and transformation initiatives.
Net Income
Net income for the December quarter was $223 million or 21 cents per share against net loss of $2,412 million or loss of $2.26 per share in the year-ago quarter. The improvement was driven by operating income and lower interest expense. For 2019, net loss was $5,269 million or loss of $4.92 per share compared with net loss of $1,733 million or loss of $1.63 per share in 2018.
Fourth-quarter net income (excluding integration and transformation costs, and special items) came in at $352 million or 33 cents per share compared with $394 million or 37 cents per share in the prior-year quarter. The bottom line matched the Zacks Consensus Estimate.
CenturyLink, Inc. Price, Consensus and EPS Surprise
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