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Post-Earnings Coverage - CenturyLink

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LONDON, August 13, 2014 /PRNewswire/ --

Investor-Edge.com has issued its complimentary post-earnings review on CenturyLink Inc. (NYSE: CTL). The company was featured in the headlines on Wednesday, August 06, 2014, as it reported that its adjusted diluted earnings per share improved 3 cents year-over-year and operating revenues advanced 0.4% year-over-year during the second quarter of 2014. Our free coverage report can be accessed at:


Earnings Overview  

For the second quarter of 2014, CenturyLink Inc. generated operating cash flow (excluding special items) of $1.81 billion as compared to $1.86 billion in the prior year quarter. The company's free cash flow (excluding special items) stood at $677 million in Q2 2014, compared with $703 million in the year-ago period. The telecommunications company's second quarter core revenues fell 0.2% year-over-year to $4.10 billion. The free research on CTL can be downloaded as in PDF format at:


Consumer segment revenues marginally improved to $1.50 billion in the second quarter 2014 from $1.49 billion in the prior year period. Meanwhile, the demand for high-bandwidth data services and solid sales momentum drove the Business segment revenues to $1.56 billion in Q2 2014 from $1.53 billion in the year-ago period. The Wholesale segment generated revenues of $0.87 billion in the reported period, down 4.8% year-over-year from $0.91 billion in Q2 2013. Operating revenues from Hosting segment grew 3.2% year-over-year to $0.36 billion in second quarter 2014 from $0.35 billion in the year-ago period. Under the Consumer segment, the company added nearly 16,000 CenturyLink® Prism[TM] TV subscribers in Q2 2014, increasing the penetration of the over 2.1 million addressable homes to approximately 10%. In the Wholesale segment, the company recorded 18% year-over-year increase in the fiber-connected towers to end the second quarter 2014 with over 19,700 fiber-connected towers.

CenturyLink Inc. completed the $2 billion share repurchase program in Q2 2014 which started in February 2013, and since then has purchased and retired 59.5 million of its common stock. Meanwhile, the company also commenced a $1 billion follow-on share repurchase program in Q2 2014 under which 1.2 million shares have been purchased during the quarter. Sign up and read the free analyst's notes on CTL at:


Glen F. Post III, President and Chief Executive Officer at CenturyLink Inc. stated that the strong demand for high-bandwidth data services and cloud and hosting solutions, solid consumer demand for Prism TV service and the continued mitigation of legacy revenue declines led to solid second quarterly results. Mr. Glen said that the company is pleased with the results, which reflect its continued progress toward revenue stability. Looking ahead, he stated that the company is entering the third quarter with strong funnel of sales opportunities and will continue to execute on the strategic priorities to create value for shareholders.

The Monroe, Louisiana-based company's operating revenues came in at $4.54 billion in Q2 2014, above $4.53 billion in the year-ago quarter and market consensus estimate of $4.50 billion. During the reported period, the telecom service company reported net income of $193 million, or $0.34 per diluted share as compared to $269 million, or $0.44 per diluted share in the prior year quarter. Meanwhile, the adjusted net income came in at $408 million, or $0.72 per diluted share, compared with $417 million, or $0.69 per diluted share in Q2 2013. Bloomberg estimated a net income of $210.22 million or $0.38 per share and adjusted net income of $361.40 million or $0.65 per share for Q2 2014. Visit Investor-Edge and access the latest research on CTL at:


Stock Performance  

On Thursday, August 07, 2014, a day after the earnings release, CenturyLink Inc.'s shares edged 0.46% higher to close the session at $38.95. On the last close, Tuesday, August 12, 2014, the company's shares gained 1.24% further to end the day at $40.77. The stock oscillated between $40.20 and $40.88 during the trading session. A total of 5.16 million shares were traded, which was above the three months average volume 4.74 million shares. CenturyLink Inc.'s shares have gained 4.67% in the previous three trading sessions, 10.88% in the last one month, and 28.01% on YTD basis. The stock is trading above its 50-day and 200-day moving averages of $37.37 and $33.58, respectively. CenturyLink Inc.'s stock traded at a PE ratio of 41.40 and has a Relative Strength Index (RSI) of 70.79.

Sneak Peek to Corporate Insider Trading  

In the last one month, CenturyLink Inc. has not reported any share transactions by insiders to the U.S. Securities and Exchange Commission (SEC). Complimentary in-depth research on CTL is available at:


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