CenturyLink misses Street 4Q forecasts [telecom]

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MONROE, La. (AP) _ CenturyLink Inc. (CTL) on Wednesday reported fourth-quarter profit of $1.12 billion.

On a per-share basis, the Monroe, Louisiana-based company said it had net income of $1.26. Earnings, adjusted for pretax gains, were 18 cents per share.

The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share.