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CenturyLink Inc. (CTL) Sank To A New Low After Q4 Miss

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CenturyLink Inc. (CTL: Quote) reported fourth quarter adjusted net income of $0.67 per share after the bell Wednesday, compared to $0.55 a year ago. The consensus estimate was for EPS of $0.68. The Company expects to report first quarter adjusted EPS of $0.67 to $0.72 and between $2.50 and $2.70 for the full year 2013. The consensus estimates are for EPS of $0.66 and $2.84.

CenturyLink gapped open sharply lower Thursday and slipped further around midday. The stock finished down by 9.42 at $32.27 on the highest volume of the year. CenturyLink dropped below both its 50 and 200-day moving averages and plunged to a new low for the year.

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by RTT Staff Writer

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