Margin Expansion Continues
DENVER--(BUSINESS WIRE)--Nov. 1, 2005--Qwest Communications International Inc. (NYSE:Q):
Unaudited (in millions, except per share amounts)(a)
Q3 2005 Q2 2005 Seq. Q3 2004 Y over Change Y Change Operating Revenues $ 3,504 $3,470 1.0% $ 3,449 1.6% Operating Income 208 226 (8.0)% (173) nm Net Income (Loss) (144) (164) nm (569) nm Net Income (Loss) per Diluted Share (0.08) (0.09) nm (0.31) nm
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(a) See Special Items in Attachment E
-- Revenue and Cost Initiatives Drive Further Margin Expansion -- Solid Progress in Key Growth Areas -- Consumer Bundle Penetration Expands to 50 Percent -- High-Speed Internet Subscribers Reach 1.3 Million -- Long-Distance Penetration Increases to 36 Percent -- Second Sequential Quarter of Wireless Subscriber and ARPU Growth -- Strong Sequential Growth in Cash Generated from Operations to $675 Million -- Capital Expenditures of $445 Million
Qwest Communications International Inc. (NYSE:Q) today reported third quarter results that indicate stable performance in revenue, free cash flow and overall financial flexibility. For the quarter, the fully diluted net loss per share was $(0.08), which includes a charge for restructuring, realignment and severance costs of $(0.01), compared with a loss of $(0.31) a year ago, which included special items of $(0.16). See Attachment E for special items.
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