Windstream Earnings Cheat Sheet: Revenue Strengthens for Fifth Straight Quarter by Double-Digits

S&P 500 (NYSE:SPY) component Windstream Corporation (NASDAQ:WIN) reported its results for the second quarter. Windstream Corporation is a customer-focused broadband and telecommunications company that provides phone, Internet, complex data, and voice and transport services. It reaches customers in 29 states and offers its services primarily in rural areas in the United States.

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Windstream Earnings Cheat Sheet for the Second Quarter

Results: Net income for the telecom services company rose to $93.2 million (18 cents per share) vs. $79 million (17 cents per share) in the same quarter a year earlier. This marks a rise of 18% from the year earlier quarter.

Revenue: Rose 12.3% to $1.03 billion from the year earlier quarter.

Actual vs. Wall St. Expectations: WIN reported adjusted net income of 19 cents per share. By that measure, the company fell in line with the mean estimate of 19 cents per share. Analysts were expecting revenue of $1.02 billion.

Quoting Management: “On the heels of our five-year anniversary as a public company, it is gratifying to report that we grew revenue and improved the company’s profitability year-over-year in the second quarter,” said Jeff Gardner, president and CEO of Windstream. “Windstream is successfully executing our strategic initiatives and turning a pivotal corner toward organic growth. I am particularly proud that we have transformed this business while maintaining our dividend and delivering industry leading shareholder returns.” Second-quarter financial results:

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past five quarters. Over that span, the company has averaged growth of 23.3%, with the biggest boost coming in the third quarter of the last fiscal year when revenue rose 31.5% from the year earlier quarter.

The company fell in line with estimates last quarter after missing the mark in the previous two quarters. In the first quarter, it fell short by one cent, and in the fourth quarter of the last fiscal year, it missed by one cent.

Last quarter’s profit increase breaks a streak of two consecutive quarters of year-over-year profit decreases. In the first quarter, net income fell 68.3% while the figure dropped in the fourth quarter of the last fiscal year.

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).

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(Source: Xignite Financials)

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