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CenturyLink Stock Fell 10.8% Due to Q4 Results and Dividend Cut

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Feb. 14 2019, Published 1:05 p.m. ET

CenturyLink’s fourth-quarter results

CenturyLink (CTL) reported its fourth-quarter results after the market closed on February 13. CenturyLink reported an adjusted EPS of $0.37 in the fourth quarter—compared to $0.12 in the fourth quarter of 2017 on a pro forma basis, which reflects ~208.3% YoY (year-over-year) growth. CenturyLink’s earnings beat analysts’ consensus estimate by ~15.6% in the fourth quarter.

CenturyLink’s total revenues declined ~3.8% YoY to $5.778 billion in the fourth quarter on a pro forma basis, which missed analysts’ consensus estimate of $5.781 billion.

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CenturyLink’s stock price

CenturyLink stock fell 10.8% in the after-market hours. Investors seemed to be disappointed with the company’s fourth-quarter results and dividend cut. CenturyLink cut its annual dividend to $1.00 per share from $2.16.

CenturyLink stock has fallen 3.0% year-to-date and 14.6% in the trailing 12-month period. CenturyLink’s share price has increased 2.4% in the last five trading days. In comparison, Verizon (VZ), AT&T (T), and Frontier Communications (FTR) have generated returns of 1.3%, 1.0%, and 17.1%, respectively, in the last five trading days.

Soon, we’ll release a detailed series with more insights into CenturyLink’s earnings. Stay tuned!

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