Tw telecom inc. Earnings Cheat Sheet: Net Income Declines Year over Year

tw telecom inc. (NASDAQ:TWTC) reported its results for the second quarter. Tw telecom inc. is a national provider of managed network services specializing in Ethernet and data networking, Internet access, local and long distance voice, VPN, VoIP and network security services.

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tw telecom inc Earnings Cheat Sheet for the Second Quarter

Results: Net income for tw telecom inc. fell to $14.3 million (9 cents per share) vs. $242.3 million ($1.43 per share) a year earlier. This is a decline of 94.1% from the year earlier quarter.

Revenue: Rose 6.8% to $338.4 million from the year earlier quarter.

Actual vs. Wall St. Expectations: TWTC fell in line with the mean analyst estimate of 9 cents per share. Analysts were expecting revenue of $338.5 million.

Quoting Management: “We delivered another quarter of strong comprehensive results, building on our exceptional performance from the first quarter,” said Larissa Herda, tw telecom’s Chairman, CEO and President. “Our success was driven by our strategic data and Internet portfolio, including the new product initiatives we launched last year. We’re headed into the second half of the year with strong sales momentum and ongoing growth initiatives designed to drive greater differentiation, increased customer value and additional market share.”

Key Stats:

Revenue has risen the past four quarters. Revenue increased 6.9% to $332.5 million in the first quarter. The figure rose 5.5% in the fourth quarter of the last fiscal year from the year earlier and climbed 5.1% in the third quarter of the last fiscal year from the year-ago quarter.

The company has now fallen in line with estimates for the past two quarters. It reported net income of 8 cents in the first quarter and net income of 11 cents in the fourth quarter of the last fiscal year.

Competitors to Watch: Level three Communications, Inc. (NASDAQ:LVLT), AT&T Inc. (NYSE:T), CenturyLink, Inc. (NYSE:CTL), Vonage (NYSE:VG), Sprint (NYSE:S), Cbeyond, Inc. (NASDAQ:CBEY), AboveNet, Inc. (NYSE:ABVT), Verizon Communications Inc. (NYSE:VZ), PAETEC Holding Corp. (NASDAQ:PAET), Cincinnati Bell Inc. (NYSE:CBB).

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(Source: Xignite Financials)

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