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Thursday, 08/07/2014 1:28:21 PM

Thursday, August 07, 2014 1:28:21 PM

Post# of 9364
Windstream misses by $0.04, misses on revenue

Aug 7 2014, 07:01 ET | About: Windstream Holdings, Inc. (WIN)

Windstream (NASDAQ:WIN): Q2 EPS of $0.04 misses by $0.04.
Revenue of $1.47B (-2.6% Y/Y) misses by $10M.
Press Release


http://seekingalpha.com/news/1911315-windstream-misses-by-0_04-misses-on-revenue?uprof=45#email_link


Windstream Reports Second-Quarter Results
Thu August 7, 2014 7:00 AM|GlobeNewswire | About: WIN

LITTLE ROCK, Ark., Aug. 7, 2014 (GLOBE NEWSWIRE) -- Windstream (WIN) today reported second-quarter results, highlighted by continued growth in business data and integrated services and improvements in the consumer channel.

"Total revenue was up slightly from the first quarter, reflecting better results in our consumer business and the diminishing impact from intercarrier compensation reform," said Jeff Gardner, president and CEO. "Enterprise and small-business revenues also slightly increased sequentially and year-over-year, and we continued to achieve solid enterprise sales.

"Overall results were solid and largely in-line with our expectations. Importantly, the progress made during the first half of 2014 has positioned us well to reach our goals for the year. In addition, our plans to spin off certain assets will allow Windstream to accelerate network investments, provide enhanced services to customers and maximize shareholder value," Gardner said.

Windstream announced on July 29 plans to spin off certain telecommunications network assets into an independent, publicly traded real estate investment trust. Windstream will control and maintain the assets for the exclusive use of Windstream and continue to have sole responsibility for meeting its existing regulatory obligations. The tax-free spinoff will enable Windstream to realize significant financial flexibility by lowering debt by approximately $3.2 billion and increasing free cash flow to accelerate broadband investments, transition faster to an IP network and pursue additional growth opportunities to better serve customers. The transaction is expected to close in the first quarter of 2015, pending customary regulatory approval.

more...


http://seekingalpha.com/pr/10701965-windstream-reports-second-quarter-results


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