Windstream 1Q profit tops analyst estimates; revenue rises 4%
BOSTON (Thomson Financial) - Windstream Corp. Friday reported first-quarter
net income of $123.7 million, or 27 cents a share, including $1.6 million in
merger and integration expenses for a billing system conversion related to the
acquisition of CT Communications.
The mean estimate of analysts polled by Thomson Reuters was for earnings of
25 cents a share.
Revenue for the three months ended March 31 rose 4% to $811.7 million from
$783.7 million a year earlier. Wall Street analysts were, on average,
forecasting sales of $803.9 million.
Shares of the Little Rock, Ark.-based telecommunications services provider
closed Thursday at $12.41.
Windstream Corporation (Windstream) is a provider of telecommunications services in rural communities in the United States. The Company owns subsidiaries that provide local telephone, high-speed Internet, long distance, network access, and video services in 16 states. Windstream is a provider of telecommunications services in rural communities in the United States. A subsidiary also publishes telephone directories for its affiliates and other independent telephone companies. On August 31, 2007, Windstream completed the acquisition of CT Communications, Inc. On November 30, 2007, the Company completed the split off of its directory publishing business (the publishing business) with Welsh, Carson, Anderson & Stowe (WCAS). As of December 31, 2007, Windstream served more than 3.2 million communications customers in 16 states. Additionally, Windstream provides data services to more than 871,000 high-speed Internet customers.
Their web address is http://www.windstream.com/
At Windstream Communications, we're proud of our extensive coverage area and high-quality service. Currently, we provide service for approximately 3.2 million access lines in 16 states – Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, Missouri, Nebraska, New Mexico, New York, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina and Texas.
Francis X Frantz Chmn., Dir.
Jeffery R Gardner CEO, Pres.
Brent K Whittington CFO, Exec.VP
Richard J Crane Exec.VP
John P Fletcher Exec.VP
4001 Rodney Parham Road
Little Rock, AR 72212
Phone: (501) 748-7000