How CenturyLink Stock Gained 11.8% Today
Shares of regional telecom CenturyLink (NYSE: CTL) rose as much as 11.8% on Thursday, lifted by a mixed third-quarter earnings report.
CenturyLink's earnings increased from $0.30 to $0.31 per share, stopping short of Wall Street's consensus estimate of $0.33 per share. On the top line, revenues fell 4% to $5.61 billion. Your average Wall Street firm would have settled for $5.54 billion.
So revenues fell but still outperformed against the Street's estimates, while earnings increased but still disappointed analysts. That's a really good definition of "a mixed quarter."
Source Fool.com
