CenturyLink’s earnings trend
CenturyLink (CTL) reported its first-quarter earnings results on May 8. In the quarter, on an adjusted level, CenturyLink reported EPS of $0.34, higher than Wall Street analysts’ estimate of $0.27.
Excluding integration-related expenses and special items, the company’s profit in the first quarter was $360 million, more than its profit of $262 million, or $0.25 per share, in the first quarter of 2018. The company’s first-quarter revenue fell ~5.0% YoY (year-over-year) to $5.6 billion.
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CenturyLink’s adjusted EBITDA excluding integration-related expenses and special items was $2.26 billion in the first quarter compared to $2.18 billion in the first quarter of 2018. Its adjusted EBITDA margin excluding integration-related expenses and special items expanded to 40.1% in the first quarter from 36.7% in the first quarter of 2018.