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CenturyLink – Q3 Results and Upholding Corporate Investors

On Thursday November 8, CenturyLink has announced details for its earning during third quarter.

It declared a per share earnings of $0.30 for the last quarter, meeting analyst expectations. The earnings per share for year ago quarter was $0.40. With a 4.45% return on equity, CyberLink stands at a net margin of 7.81%. It slightly missed the analyst revenue expectation of $5.88 billion for the last quarter and generated revenue of %5.82 billion, 3.6% lower than revenue generated during same quarter last year. Analysts have forecasted yearly EPS of $1.08 for the CenturyLink.

CenturyLink Inc, is a Monroe, Louisiana based telecommunication company, provides data and communications services in 37 states. CenturyLink, operating in United States markets as an internet provider and local exchange carrier, is member of S&P 500 index. CenturyLink, at served line criteria, secures third place after AT&T and Verizon.

With its two segments of consumer and business, it offers services to households, wholesale, businesses and government institutions in United States.

It serves customers from media and entertainment industry with services like transmission broadcast, audio and video feeds over satellite or fiber through its video, fiber-optic and satellite delivery solution Vyvx.

CeturyLink serves corporate customer providing Ethernet, internet protocols and virtual private network services.

For small businesses and residential customers it offer Prism TV for their television and cable channel requirements with a facility to record four shows at home digital video recorder.

As of December 2017, CenturyLink was serving broadband facility to about 5.7 million subscribers along with access line operation serving 10.3 million customers across the United States.

CenturyLink’s 76.78 percent stock has been owned by Hedge funds and institutional investors. During last two quarters including reported third quarter, Migdal Insurance & Financial Holdings Ltd, Picton Mahoney Asset Management, Rehmann Capital Advisory Group, Baker Ellis Asset Management LLC and AdvisorNet Financial Inc have boosted their holdings by purchasing additional stocks.

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Pamela Wilson

Written by Pamela Wilson

Pamela Wilson:- Healthcare
I am Pamela Wilson and I focus on breaking news stories and ensuring we (“News Stories World”) offer timely reporting on some of the most recent stories released through market wires about “Healthcare”. I have formerly spent over 7 years as a trader in U.S. Stock Market and is now semi-stepped down. I work on a full time basis for newsstoriesworld.com specializing in quicker moving active shares with a short term view on investment opportunities and trends.

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