2 Stocks Tradings are Playing Post Earnings

Windstream Corporation (NASDAQ:WIN) reported its results for the fourth quarter. Reported a loss of $31.9 million (6 cents per diluted share) in the quarter. Windstream Corporation had a net income of $56.5 million or 10 cents per share in the year-earlier quarter. Revenue rose 23.3% to $1.21 billion from the year-earlier quarter. Windstream Corporation reported adjusted net income of 19 cents per share. By that measure, the company fell short of mean estimate of 20 cents per share. It beat the average revenue estimate of $1.1 billion.

“2011 was an incredibly successful year for Windstream,” said Jeff Gardner, president and chief executive officer. “As a result of solid execution in our legacy business, coupled with our targeted acquisition approach, we significantly improved the financial trajectory of our company and reached a significant milestone of growing pro forma revenue and Adjusted OIBDA during the fourth quarter on a year-over-year basis, giving us great momentum heading into 2012.” Windstream acquired PAETEC, a leading national business services provider, in the fourth quarter of 2011. The transaction added more than 36,000 miles of fiber to Windstream’s network and seven data centers, significantly enhancing the company’s ability to serve business customers.”

Competitors to Watch: Consolidated Communications Hldgs. Inc (NASDAQ:CNSL), PAETEC Holding Corp. (NASDAQ:PAET), Xfone, Inc. (AMEX:XFN), Frontier Communications Corp (NYSE:FTR), Sprint (NYSE:S), Verizon Communications Inc. (NYSE:VZ), Cincinnati Bell Inc. (NYSE:CBB), 8×8, Inc. (NASDAQ:EGHT), CenturyLink, Inc. (NYSE:CTL), AT&T Inc. (NYSE:T).

AGL Resources Inc. (NYSE:GAS) reported its results for the fourth quarter. Net income for AGL Resources Inc. fell to $33 million (37 cents per share) vs. $64 million (81 cents per share) a year earlier. This is a decline of 48.4% from the year-earlier quarter. Revenue rose 18.8% to $790 million from the year-earlier quarter. AGL Resources Inc. reported adjusted net income of 87 cents per share. By that measure, the company fell short of mean estimate of 92 cents per share. It fell short of the average revenue estimate of $886 million.

“Our business performed well during 2011, with particularly strong results from our utility operations, which contributed 79 percent of operating EBIT during the year. Despite these solid results, however, our wholesale business continued to struggle in this environment of low natural gas price volatility and its earnings contribution was significantly lower than our expectation,” said John W. Somerhalder II, AGL Resources Chairman, President and Chief Executive Officer. “We completed the Nicor acquisition in December and integration is well underway. Our expectations for merger-related efficiencies remain intact, however we expect ongoing challenges in many of our non-utility businesses in 2012.”

Competitors to Watch: Piedmont Natural Gas Co., Inc. (NYSE:PNY), Vectren Corporation (NYSE:VVC), AGL Resources Inc. (NYSE:AGL), Atmos Energy Corporation (NYSE:ATO), The Laclede Group, Inc. (NYSE:LG), South Jersey Industries (NYSE:SJI), New Jersey Resources Corp. (NYSE:NJR), Energy Incorporated (AMEX:EGAS), Northwest Natural Gas (NYSE:NWN), and National Fuel Gas Co. (NYSE:NFG).

To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com