Posted by Eileen French
CenturyLink Inc. - Equities research analysts at Jefferies Group cut their Q3 2016 earnings per share (EPS) estimates for CenturyLink in a note issued to investors on Thursday. Jefferies Group analyst M. Mccormack now anticipates that the brokerage will earn $0.57 per share for the quarter, down from their previous estimate of $0.58. Jefferies Group also issued estimates for CenturyLink's Q4 2016 earnings at $0.58 EPS, FY2016 earnings at $2.49 EPS and FY2017 earnings at $2.34 EPS.
CenturyLink (NYSE:CTL) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.04. During the same quarter in the prior year, the business posted $0.55 earnings per share. The company had revenue of $440 billion for the quarter, compared to analysts' expectations of $4.39 billion. The firm's revenue was down .5% compared to the same quarter last year.