CenturyLink Q1 Profit Declines - Quick Facts

(RTTNews) - CenturyLink Inc. (CTL) reported that its first-quarter net income decreased to $203 million compared to $298 million, last year and earnings per share was $0.35 compared to $0.48. Adjusted net Income for first quarter 2014 was $381 million or $0.66 per share.

On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $0.61 for the quarter. Analysts' estimates typically exclude special items.

Operating revenues increased to $4.54 billion from $4.51 billion, driven by higher strategic and data integration revenues. Analysts expected revenue of $4.48 billion for the quarter. core revenues were $4.11 billion in the first quarter, nearly flat year-over-year.

The company expects second-quarter revenue to be impacted by lower data integration revenue and the continued decline of legacy revenue. Eexcluding special items, the company expects: Operating revenues in the range of $4.48 billion to $4.53 billion; core revenues of $4.07 billion to $4.12 billion; and adjusted EPS in the range of $0.62 to $0.67. Analysts expect the company to report second-quarter profit per share of $0.64 on revenue of $4.49 billion.