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Thursday, May 9
A Q1 miss leads Windstream (WIN -5.4%) to dive towards its 52-week low. A 17% Y/Y drop in...
A Q1 miss leads Windstream (WIN -5.4%) to dive towards its 52-week low. A 17% Y/Y drop in wholesale revenue (fewer consumer voice lines and lower intrastate access rates) took a toll. Consumer connections fell another 43K Q/Q to 3.44M, and business connections by 11K to 627K. Consumer voice lines fell by 29K to 1.81M, consumer broadband lines by 8.6K, and digital TV subs by 5K. Enterprise customers were a bright spot, growing by 6K Q/Q, but small business customers fell by 17K. Altogether, business revenue (61% of total) +2% Y/Y, and consumer -2%. (PR)