logo
Plus   Neg
Share
Email

CenturyLink Climbs Off Worst Levels But Remains Firmly Negative

Shares of CenturyLink, Inc. (CTL) have climbed off their worst levels of the day but continue to see significant weakness in afternoon trading on Friday. After hitting its lowest intraday level in over three months, CenturyLink is currently down by 10.8 percent.

CenturyLink initially came under pressure after the communications company reported better than expected third quarter earnings but revenues that missed expectations.

The company reported third quarter adjusted earnings of $0.30 per share on revenues of $5.82 billion, while analysts had expected earnings of $0.27 per share on revenues of $5.89 billion.

For comments and feedback contact: editorial@rttnews.com

Business News

More Breaking News

0 Articles
Editors Pick
The U.S. Department of Transportation or DOT is scrutinizing the development of Boeing 737 Max jetliners that were involved in two fatal crashes in five months, the Wall Street Journal reported Sunday, citing people familiar with the matter. Shares of Boeing are declining more than 2 percent in the regular trading session following the report. Shares of Worldpay, Inc. were gaining around 12 percent in London after the eCommerce and payments technology company announced its agreement to be merged with FIS, a U.S. financial services technology company. The combination of stock and cash values Worldpay at an enterprise value of approximately $43 billion, including the assumption of Worldpay debt. Germany's two biggest lenders, Deutsche Bank (DB) and Commerzbank (CRZBY.PK) Sunday confirmed they are in discussions to potential merge.
Follow RTT