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Thursday, Nov 8
2012, 12:43 PM
Telcos Windstream (WIN -8.9%) and CenturyLink (CTL +5.9%) head in opposite directions following...
Telcos Windstream (WIN -8.9%) and CenturyLink (CTL +5.9%) head in opposite directions following their Q3 reports (I, II). While CenturyLink's EPS beat and free cash flow guidance are driving shares higher, Windstream is down after reporting a 14% Y/Y drop in adjusted free cash flow to $182M. The carrier also reported a 10% Y/Y drop in wholesale revenue, and the loss of another 22.3K voice lines. Frontier (FTR -2.1%), which fell on Tuesday following its Q3 report, is following Windstream lower. (CTL transcript) (WIN transcript)