Earnings Roundup: Windstream, CenturyLink, Equinix, GTT

lots of earnings news to look at this morning:

Windstream posted mixed Q2 results this morning. Revenues came in a bit lighter than anticipated at $1.36B, but earnings per share of $0.01 were way above projections of a loss of $0.43, mostly but not entirely due to about a forty cent gain on the extinguishment of debt. There was another $0.18 in gains from the sale of CS&L, but it’s unclear just what was in the analyst projections. On the revenue side, enterprise revenues were up a solid 3%, while carrier, ILEC, and SMB CLEC businesses all slid.

CenturyLink posted Q2 revenues of $4.398B, which was down half a percent from the same period last year but just a hair above what analysts had been expecting. Adjusted earnings per share of $0.63 was about three cents above consensus. Guidance for Q3 was revenue of $4.35-4.40B and adjusted EPS of $0.52-0.57, which was a bit more conservative than analysts had been hoping for. CenturyLink has been moving rapidly on its SDN/NFV plans, which was one of the first things they mentioned in the PR.

In the data center space, Equinix posted revenue of $900.5M, up 7% sequentially and coming in ahead of expectations of around $894M. Funds from operations $4.13, about forty cents ahead of expectations. They spent some $10.4M on integration, having just recently bought Telecity of course. Projections for Q3 were for revenues of $915-921M, which were right on target.

And finally, GTT posted revenue of $128.9M, up 3.6% sequentially. That was boosted slightly by a full quarter of revenue from the Telnes deal and also a recent customer acquisition, and was ahead of analyst estimates. On the EPS line they broke even, slightly lower than estimates due in part to a 4 cent loss on debt extinguishment. Adjusted EBITDA rose to $30.3M.

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Categories: CLEC · Datacenter · Financials · ILECs, PTTs · Internet Backbones