WASHINGTON (dpa-AFX) - CenturyLink Inc. (CTL) reported first-quarter net income of $192 million compared to $203 million for first quarter 2014, and earnings per share was $0.34 compared to $0.35, prior year. Excluding items, adjusted net income for first quarter 2015 was $375 million or $0.67 per share.
On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $0.59 for the quarter. Analysts' estimates typically exclude special items.
Operating revenues were $4.45 billion compared to $4.54 billion in first quarter 2014. The company said the declines in legacy revenues and data integration revenues were partially offset by increased strategic revenues. Analysts expected revenue of $4.47 billion for the quarter. The company achieved core revenues of $4.06 billion in first quarter 2015.
Excluding special items, the company expects its second-quarter: Operating Revenues to be in the range of $4.41 to $4.46 billion; Core Revenues in the range of $4.02 to $4.07 billion; and adjusted EPS in the range of $0.59 to $0.64. Analysts expect the company to report second-quarter earnings per share of $0.65 on revenue of $4.50 billion.
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