CenturyLink Slips To Loss In Q3; Backs FY13 Outlook - Quick Facts

(RTTNews) - CenturyLink, Inc. (CTL) Wednesday reported third-quarter net loss of $1.0 billion or $1.76 per share, compared to net income of $270 million or $0.43 per share last year.

Excluding items, adjusted earnings for the quarter were $375 million or $0.63 per share, compared with $413 million or $0.66 per share a year ago.

Revenues for the quarter were $4.52 billion, compared with $4.57 billion in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.67 per share on revenues of $4.52 billion for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to the fourth quarter, the company expects adjusted earnings of $0.55 to $0.60 per share on revenues of $4.50 billion to $4.55 billion. Analysts expect earnings of $0.63 per share on revenues of $4.53 billion.

For fiscal year 2013, the company continues to estimates adjusted earnings of $2.63 to $2.73 per share on revenues of $18.05 to $18.20 billion. Analysts expect earnings of $2.71 per share on revenues of $18.08 billion.