Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Windstream Slips To Loss In Q4 - Quick Facts

RELATED NEWS
Trade WIN now with 

Telecommunications services provider Windstream Corp. (WIN: Quote) Wednesday posted a fourth-quarter net loss of $31.9 million or $0.06 per share, compared to a net income of $56.5 million or $0.10 per share in the previous year.

The company said its quarterly results included a pre-tax non-cash pension charge of about $163 million, or $103 million after-tax, due to previously announced changes in the company's pension accounting method.

In addition, results also included nearly $23 million in after-tax merger and integration expense and an after-tax loss of about $7 million related to the early extinguishment of debt. Excluding items, adjusted earnings per share for the recent quarter was $0.19.

On average, 15 analysts polled by Thomson Reuters estimated earnings of $0.20 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues and sales grew to $1.21 billion from $980.6 million a year ago. Analysts estimated revenues of $1.10 billion.

Pro forma total revenues, which included results for PAETEC and other recent acquisitions, were $1.6 billion, an increase of 0.7 percent over the same period a year ago.

Jeff Gardner, president and chief executive officer of the company said, "As a result of solid execution in our legacy business, coupled with our targeted acquisition approach, we significantly improved the financial trajectory of our company and reached a significant milestone of growing pro forma revenue and Adjusted OIBDA during the fourth quarter on a year-over-year basis, giving us great momentum heading into 2012."

Looking ahead to the full year 2012, the company expects pro forma revenues and sales in the range of $6.18 billion to $6.305 billion. Analysts are looking for revenues of $6.25 billion for the year.

Register
To receive FREE breaking news email alerts for Windstream Corporation and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Reserve Bank of Australia Governor Glenn Stevens kept the foreign exchange intervention plan open to build up confidence and bring the stubbornly high currency to lower levels."The exchange rate, another channel through which monetary policy usually has an effect, is probably not doing as much as it might usually be expected to do in achieving balanced growth," he said in his opening statement. Stocks turned in another strong performance during trading on Tuesday, extending the upward trend seen over the past several sessions. The gains on the day once again lifted the tech-heavy Nasdaq to a new fourteen-year closing high. President Barack Obama revealed Monday that he is dispatching Attorney General Eric Holder to Ferguson, Missouri, amid ongoing violence in the St. Louis suburb. Obama said Holder will travel to Ferguson on Wednesday to meet with the FBI agents and Justice Department personnel conducting an investigation of the shooting death of Michael Brown.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.