Wednesday, May 9, 2018

CenturyLink sees rise in business, dip in consumer sales

CenturyLink reported revenues of $5.95 billion for first quarter 2018, compared to $4.21 billion for first quarter 2017. Diluted earnings per share was $0.11 for first quarter 2018, compared to diluted earnings per share of $0.30 for first quarter 2017.

"CenturyLink achieved solid results for first quarter 2018, the first full quarter of operations following the acquisition of Level 3," said Glen F. Post, III, CenturyLink chief executive officer. "Now positioned as one of the world's leading network providers, we believe we have significant opportunities to grow our business and drive long-term shareholder value," Post concluded.

"We are focused on our sales force integration and driving profitable revenue growth while improving our customer experience," said Jeff Storey, CenturyLink president and chief operating officer. "Our integration efforts to date are leading to the synergies we expected and helping us move toward sustainable improved profitability and cash flow generation."

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