Investing.com - CenturyLink (NYSE:CTL) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
CenturyLink announced earnings per share of $0.37 on revenue of $5.23B. Analysts polled by Investing.com anticipated EPS of $0.35 on revenue of $5.48B. That with comparison to EPS of $0.34 on revenue of $5.65B in the same period a year before.CenturyLink had reported EPS of $0.33 on revenue of $5.57B in the previous quarter.Analysts are expecting EPS of $0.36 and revenue of $5.41B in the upcoming quarter.
CenturyLink shares are down 25% from the beginning of the year and are trading at $9.50 , down-from-52-week-high.They are under-performing the S&P 500 which is down 12.21% year to date.
CenturyLink shares lost 3.85% in after-hours trade following the report.
CenturyLink follows other major Services sector earnings this month
CenturyLink's report follows an earnings missed by Amazon.com on Thursday, April 30, 2020, who reported EPS of $5.01 on revenue of $75.45B, compared to forecasts EPS of $6.16 on revenue of $73.74B.
Visa A had beat expectations on Thursday, April 30, 2020 with second quarter EPS of $1.39 on revenue of $5.85B, compared to forecast for EPS of $1.34 on revenue of $5.72B.
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