CenturyLink (NYSE: CTL) is up 3.7% postmarket after Q3 revenue was better than expected and the company increased EPS from last year.
Total revenue of $ 5.61 B was down 3.8%. Gains in corporate income helped dampen a heavier decline in consumer business.
The company pointed to EBITDA margins which expanded to 40.3% from 39.3%.
Excluding special items and integration / transformation costs, net income was flat at $ 328 M.
Net operating cash was $ 1,888 B.Free cash flow (excluding special items and integration / transformation) was $ 985M, down from a year earlier $ 1
Cash and equivalents were $ 1,404B. It paid off $ 400 million in debt in October and will pay off another $ 600 million in December.
Distribution of revenue: International and global accounts, $ 899 million (up 0.8%); Enterprise, $ 1.55B (up 3%); Small and medium businesses, $ 734 million (down 6.5%); Wholesale, $ 1,025B (down 6.6%); Consumer, $ 1,398 B (down 9.2%).
Repeated full-year guidance (EBITDA of $ 9B- $ 9.2B; free cash flow of $ 3.1B- $ 3.4B; dividend of $ 1,095B; capital amount of $ 3.5B- $ 3.8B).
Conference to arrive at 17.00 ET.
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