Qwest Communications Beats By A Penny on Revenue of $3.05 Billion (Q)

10/28/2009 - Qwest Communications International (NYSE:Q) reported Q3 EPS of $0.08, topping consensus analyst estimates of $0.07. Revenue for the quarter declined 1.2% to $3.05 billion, falling just shy of consensus analyst estimates of $3.07 billion. Chairman and CEO Edward Mueller said, aEURoeOur focus on perfecting the customer experience while maintaining strong financial discipline again enabled us to deliver solid results in the quarter . . . As a result of our stronger-than-expected performance to date, we are raising our full year 2009 free cash flow outlook. We are optimistic about our prospects as the economy begins to improve in the quarters ahead.aEUR The company now expects adjusted EBITDA at the upper end of its previous guidance, which was between $4.25 billion and $4.4 billion. Adjusted free cash flow is now expected to be $1.6 billion to $1.7 billion, compared to previous guidance of $1.5 to $1.6 billion.

Write to Chip Brian at cbrian@tradethetrend.com

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