
CenturyLink’s Q1 Earnings Beat Estimates, Revenue Missed
By Ambrish ShahUpdated
CenturyLink’s first-quarter results
CenturyLink (CTL) reported its first-quarter earnings results after the market closed on May 8. Its stock fell $0.18 to $11.25 in after-hours trading—1.57% lower than the previous day’s close of $11.43.
CenturyLink reported adjusted EPS of $0.34 in the first quarter compared to $0.25 in the first quarter of 2018, reflecting ~36.0% YoY (year-over-year) growth. CenturyLink’s earnings beat analysts’ consensus estimate by ~21.4% in the first quarter.
CenturyLink’s total revenue fell ~5.0% YoY to $5.647 billion in the first quarter, which missed analysts’ consensus estimate of $5.685 billion.
CenturyLink’s outlook for 2019
For 2019, CenturyLink expects its adjusted EBITDA to be between $9.0 billion and $9.2 billion. Further, its free cash flow is expected to come in at $3.1 billion–$3.4 billion. The company intends to continue paying dividends in 2019 and is guiding for $1.1 billion in dividend payments. It expects its capex to be between $3.5 billion and $3.8 billion in the year.