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Article: Windstream Tops But Sales Dip - Analyst Blog
- Article from:
- Zacks Investment Research - Analyst Blog
- Article date:
- November 10, 2009
- Author:
CopyrightCopyright 2009 Zacks Investment Research. (Hide copyright information)
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Windstream Tops But Sales Dip - Analyst Blog
Windstream Corp.
(
WIN
), a leading rural telecom carrier, reported operating results for the third quarter with adjusted earnings per share of 24 cents, exceeding the Zacks Consensus Estimate of 21 cents. Adjusted EPS excludes one-time items such as restructuring charges, merger and integration costs and non-cash pension expense.
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Reported net income of $80 million (18 cents a share) reflects a 24% year-over-year decline on account of lower revenues, which declined 8% year over year to $734 million. Service revenues fell 5% year over year to $704.9 million while product revenues declined 44% to $29.4 million. Average monthly service ...