Windstream (WIN -8%) sells off following its Q2 miss. Consumer service revenue fell 3% Y/Y...

|About: Windstream Holdings, Inc. (WIN)|By:, SA News Editor

Windstream (WIN -8%) sells off following its Q2 miss. Consumer service revenue fell 3% Y/Y thanks to access line losses and just 4% growth in broadband (Windstream's DSL ops face tough competition from cable). Business sales rose 2%, while wholsesale, an area Windstream is reducing exposure to, fell 12%. Adjusted free cash flow was $135M, above net income of $54M, but the 1H dividend payout ratio stood at a sky-high 60%. Nomura downgraded Windstream yesterday. (PR)