| Author | Message | ||
     Jfh Moderator Username: Jfh Post Number: 1002 Registered: 10-2003 |
NEW YORK (AP) -- Standard & Poor's Ratings Service on Friday raised its ratings outlook on broadband services provider Windstream Corp., citing the company's ability to offset a revenue decline in its voice business. S&P boosted the outlook to "stable" from "negative" and said the revision reflects the company's "success in mitigating revenue losses related to its declining voice business with growth in Internet and data revenues." S&P credit analyst Susan Madison also noted the company's focus on cost-cutting. The ratings service also affirmed the company's "BB+," or non-investment grade, corporate credit rating. Windstream shares rose 5 cents to $11.84 in electronic after-hours trading. During regular trading, the shares rose 2 cents to close at $11.79. | ||
| Jfh Moderator Username: Jfh Post Number: 996 Registered: 10-2003 |
Coverage initiated on Windstream by Wachovia Briefing.com(Wed 7:22am) | ||
| Jfh Moderator Username: Jfh Post Number: 980 Registered: 10-2003 |
• Windstream upgraded by Jefferies & Co Briefing.com (Tue 6:37am) | ||
| Jfh Moderator Username: Jfh Post Number: 951 Registered: 10-2003 |
• Windstream Upgraded, Motorola Downgraded TradingMarkets.com (Mon 10:25am) | ||
| Jfh Moderator Username: Jfh Post Number: 803 Registered: 10-2003 |
WASHINGTON (MarketWatch) -- Local-phone company Windstream Corp. said Thursday that its earnings rose 39% in its first full quarter as an independent carrier. The Little Rock, Ark.-based company posted a fourth-quarter profit of $118 million, or 25 cents a share. That's up from $84.5 million, or 21 cents a share, a year earlier, when Windstream was still part of Alltel Corp. (AT : Alltel Corporation Revenue rose 11% to $828 million, but sales were up a smaller 3% on an adjusted, or pro forma, basis. Adjusted results allow for a more accurate comparison to the year-ago period. The company was projected to earn 24 cents a share on $792.7 million in sales, based on the average of analysts polled by Thomson Financial. | ||
| Jfh Moderator Username: Jfh Post Number: 733 Registered: 10-2003 |
• Coverage initiated on Windstream by Prudential Briefing.com (Thu 6:21am) | ||
| Jfh Moderator Username: Jfh Post Number: 673 Registered: 10-2003 |
Yahoo!My Yahoo!Mail Make Y! your home pageYahoo! SearchSearch:Welcome, jfhcirilfr [Sign Out, My Account]Finance Home -Help HomeInvestingNews & OpinionRetirementBanking & CreditLoansInsuranceSmall BizSpecial EditionsColumnistsPersonal FinanceInvesting IdeasMarketsCompany FinancesProvidersGet QuotesSymbol LookupFinance Search AP Windstream 3rd-Quarter Profit Jumps Thursday November 9, 10:04 am ET Windstream 3rd-Quarter Earnings Rise 83 Percent on One-Time Gain, As Revenue Climbs 6 Percent LITTLE ROCK, Ark. (AP) -- Windstream Corp., a provider of broadband services, said Thursday third-quarter earnings rose 83 percent, boosted by an extraordinary gain, as revenue rose 6 percent. Windstream, formed as a spinoff from Alltel and a merger with Valor Communications Group Inc., said net income jumped to $196.1 million, or 43 cents per share, from $107.4 million, or 27 cents per share, in the year-ago period. The latest quarter included a gain of $99.7 million, or 22 cents per share. Excluding the gain, earnings were 21 cents per share. Analysts expected 24 cents per share, according to Thomson Financial. Revenue rose 6 percent to $771.4 million from $728.9 million last year, but missed the Street's $798 million forecast. Average revenue per customer rose 2 percent to $75.79. The company added 55,000 broadband subscribers to finish the quarter with 603,000, an increase of 48 percent. Windstream shares fell 4 cents to $13.55 in morning trading on the New York Stock Exchange. |
